Examples of Purchase Undertaking in a sentence
Day One - Purchase Undertakings Party A Party A Exercise Date 1 1st Anniversary Purchase Undertaking Purchase Undertaking Exercise Date 1 1st Anniversary Exercise Date 2 2nd Anniversary Exercise Date 2 2nd Anniversary Party B Party B Explanation: On day one3, Party A grants a purchase undertaking exercisable on three Exercise Dates.
The Customer is a company duly incorporated and validly existing under the laws of Malaysia and has full authority and the power to enter into and perform, and has taken all necessary action to authorise the entry into and performance of, this Agreement, the Purchase Undertaking and the Security Documents.
No lawsuits by a governmental agency, body or other regulatory authority are pending or to be instituted against the Customer which will adversely affect the ability of the Customer to discharge the Customer’s respective obligations under this Agreement, the Purchase Undertaking and the Security Documents.
By issuing this Exercise Notice, the Bank draws the Customer’s attention to the consequences of the Bank exercising its rights as set out in the Purchase Undertaking.
Capitalised terms shall have the meanings given to them under the Prospectus, the Construction Agency Agreement, the Forward Ijarah (Lease) Agreement, and the Purchase Undertaking unless otherwise defined herein.