Further Assurance definition

Further Assurance. The parties covenant with each other that each party will from time to time sign, execute, procure, pass and do all such further documents, acts, matters, resolutions and things as shall be necessary or requisite for effecting the provisions of this agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Further Assurance. The Beneficiary shall do and execute, or arrange for the doing and executing of, each necessary act, document and thing as may be reasonably requested of them by the Nominee to implement this Deed.

Further Assurance. The Principal Borrower shall do all such things (and shall procure that the Obligors shall do all such things within its or their control) as the Agent (or any receiver or similar insolvency official in the relevant jurisdiction) may reasonably request from time to time to perfect or remedy any defects in the Transaction Documents as has rendered any of the same ineffective invalid or unenforceable or otherwise to make the Transaction Documents effective valid and enforceable and the Principal Borrower and/or the Obligors concerned shall meet all reasonable costs incurred in connection with the same save insofar as such costs have been necessitated solely by reason of the negligence of any of the Agent, the Security Trustee or any of the Senior Lenders or their respective advisers.

Examples of Further Assurance in a sentence

• Acceptance and Assumption Agreement; ------------------------------------------------------------------- Instruments of Further Assurance2.5 B▇▇▇ of Sale, Assignment, Acceptance and ---------------------------- Assumption Agreement; Instruments of Further Assurance.

• Upon foreclosure, the appointment of a receiver or any other relevant action, Borrower shall, at its sole cost and expense, cooperate fully and completely to effect the assignment or transfer of any license, permit, agreement or any other right necessary or useful to the operation of the Collateral, subject to the Further Assurance Standard.

• Further Assurance Each Party shall at the reasonable request of the other do or procure the doing of all such further acts, and execute or procure the valid execution of all such documents, as may from time to time be necessary in the requesting Party’s reasonable opinion to give full effect to this Agreement and to vest in the requesting Party the full benefit of the assets, rights and benefits to be transferred to the requesting Party under this Agreement.

• Further Assurance Each Party shall execute such documents and do such acts and things as the other Party may reasonably require for the purpose of giving effect to the provisions of this Agreement.

• Limitations on Assignment; Further Assurance.......................................................

• Clauses 14 (Confidentiality), 16 (Amendments), 17 (Further Assurance), 20 (Counterparts) and 22 (Governing Law and Jurisdiction) of the Step-In Agreement shall apply to this Agreement mutatis mutandis.

• Certain additional defined terms may be set forth elsewhere in this Agreement.

• Terms defined in Clause 23.22 (Further Assurance and Security following Debt Ratings decrease) of the Facility Agreement or Clause 23.23 (Guarantor Threshold Test and Additional Guarantors) of the Facility Agreement shall have the same meaning where used in this Schedule.

• The Common Terms are, for the purposes of this Agreement, amended such that paragraph 1 (Further Assurance) of the Common Terms applies to this Agreement with the Issuer being the Obligor and the Note Trustee being the Obligee.

• Further Assurance Each Member shall execute and sign such documents and do all such acts and things as any other Member shall reasonably request in order to carry out the intended purpose of this Agreement or to establish, perfect, preserve or enforce that other Member's rights under this Agreement.

More Definitions of Further Assurance

Further Assurance. Each party shall (at its own expense) promptly execute and deliver all such documents, and take all such actions, or procure the execution and delivery of all documents and taking of all such actions, as are required to give full effect to this Guarantee.