Promoter Undertaking definition

Promoter Undertaking means the agreement executed/ to be executed between the Promoter, the Issuer, the Debenture Trustee pursuant to the terms of this Deed and Debenture Documents.
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Promoter Undertaking means an undertaking dated on or about the date of this Deed, entered into,
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Examples of Promoter Undertaking in a sentence

  • In my view, a time period of 15 days is also reasonable for making repayment of the due amount and it is in consonance to the Promoter Undertaking.

  • The wording of the relevant clauses of the Promoter Undertaking is unambiguous and it unequivocally states that the defendant bank shallhave a right to invoke the new BTL pledged shares and / or seek recovery of the release amount from the promoter in its entirety.

  • NYS, NNK, Mr Ng Yiak Meng (“NYM”) and PKK (collectively, the “Promoters”) has each given an irrevocable undertaking (each a “Promoter Undertaking” and collectively, the “Promoter Undertakings”) in favour of the Offeror to, inter alia, accept or procure the acceptance of the Offer in respect of (a) the Offer Shares held by him and (b) any Offer Shares which he may directly or indirectly acquire on or after the date of his Promoter Undertaking (collectively, the “Promoter Shares”).

  • The wording of the relevant clauses of the Promoter Undertaking is unambiguous and it unequivocally states that the defendant bank shall have a right to invoke the new BTL pledged shares and / or seek recovery of the release amount from the promoter in its entirety.

  • Pursuant to the Promoter Undertakings, each of the Promoters undertakes that the total proceeds based on the Offer Price which he would otherwise have received for the Promoter Shares tendered in acceptance of the Offer pursuant to his Promoter Undertaking would be regarded as interest-free shareholder’s loans from him extended in favour of the Offeror and such shareholder’s loans may be capitalised into equity in the Offeror in the future.

Related to Promoter Undertaking

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • Group Undertaking means the Company or another undertaking in the group;

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • financial undertaking means any of the following entities:

  • Disclosure Undertaking means the Continuing Disclosure Undertaking, dated as of the Dated Date, relating to certain obligations contained in the SEC Rule.

  • Confidentiality Undertaking means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

  • Water Undertaker means the company appointed to be the Water Undertaker under Section 6(1) of the 1991 Act for the area in which the property is or will be situated.

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • ancillary services undertaking means an undertaking the principal activity of which consists in owning or managing property, managing data-processing services, or any other similar activity which is ancillary to the principal activity of one or more credit institutions;

  • related undertaking means any undertaking in which any person has a

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • Undertaking means any natural or legal person, whether profit-making or not, or any official body whether having its own personality or not;

  • Approved Manager’s Undertaking means, in relation to each Ship, a letter of undertaking executed by the Approved Manager in favour of the Security Trustee in the Agreed Form agreeing certain matters in relation to the Approved Manager serving as the manager of that Ship and subordinating the rights of the Approved Manager against such Ship and the relevant Borrower to the rights of the Security Trustee under the Finance Documents;

  • electricity undertaking means any person engaged in the generation,transmission, distribution or supply of electricity including any holder of a licence or authorisation or a person who has been granted a permit under Section 37 of the Principal Act and any person transferring electricity to or from Ireland across an interconnector or who has made an application for use of an interconnector which has not been refused;

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

  • Affidavit and Undertaking means the affidavit and undertaking provided by the Bidder substantially in form and manner as annexed in Annexure I hereto;

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary of the Borrower that are customary in a Securitization Financing.

  • Performance Undertaking means that certain Performance Undertaking, dated as of May 10, 2002, by Performance Provider in favor of Seller, substantially in the form of Exhibit XI, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date between Borrower, as Applicant, and GE Capital, as Issuer.

  • Competition or “Competitions” means any competition comprised within the Event where the winner is awarded a prize. A Competition may be comprised of one or more qualification phase/sections, runs or heats, including official training sessions. In the FIS Rules, Competitions are sometimes also referred to as “races”.

  • Existing ship means a ship which is not a new ship.

  • statutory undertakers means persons authorised by any law to carry on any road transport, water transport, dock, harbour or pier undertakings or any undertaking for the supply of electricity, water, telephonic, telegraphic, sewerage or quarrying services and “statutory undertaking” has a corresponding meaning;