Purchase Undertaking definition

Purchase Undertaking means the purchase undertaking dated the Issue Date and granted by the Obligor for the benefit of the Trustee and the Delegate;

Purchase Undertaking means the purchase undertaking dated 29 June 2015 and granted by APICORP for the benefit of the Trustee and the Delegate;

Purchase Undertaking means the amended and restated purchase undertaking dated 7 August 2024 executed by the Obligor in favour of the Trustee and the Delegate;

Examples of Purchase Undertaking in a sentence

• Although the Fund beneficially owns the Real Estate Assets, it will not enjoy any capital gain or loss from the appreciation or depreciation in respect of the Real Estate Assets due to the Sale Undertaking and Purchase Undertaking except where the right of the Sponsor to repurchase the beneficial ownership of a Real Estate Assets at the Exercise Price is lost under the terms of the Transaction Documents.

• The IsDB has undertaken to purchase the outstanding Portfolio relating to each Series of Trust Certificates on the relevant Dissolution Date pursuant to the Purchase Undertaking Deed, to be supplemented, at the time of each such purchase, by the IsDB Purchase Agreement containing the specific terms applicable to the relevant purchase.

• SIB has entered into the Purchase Undertaking in favour of the Trustee and the Delegate to purchase all of the Trustee’s rights, title, interests, benefits and entitlements in, to and under the Portfolio on the Scheduled Dissolution Date at the Final Dissolution Amount (each as defined in Condition 10.1 (Scheduled Dissolution)) or, if earlier, on the due date for dissolution determined in accordance with Condition 14 (Dissolution Events) at the Dissolution Amount specified in the applicable Final Terms.

• For the purposes thereof, the Trustee shall deliver to the Obligor a duly completed Exercise Notice in accordance with the provisions of the Purchase Undertaking.

• The Trust Certificates evidence an undivided beneficial ownership interest in the Trust Assets of the relevant Series of Trust Certificates and consequently the right to receive certain payments in respect thereof, subject to the terms of the Master Trust Deed, the relevant Supplemental Trust Deed, the Purchase Undertaking Deed, the Sale Undertaking Deed, the relevant IsDB Purchase Agreement, the relevant Sale Agreement and these Conditions, and will be limited recourse obligations of the Issuer.

More Definitions of Purchase Undertaking

Purchase Undertaking means the purchase undertaking dated the Issue Date and granted by the Obligor for the benefit of the Trustee and the Delegate and includes the form of sale agreement to be entered into in accordance with the terms of the Purchase Undertaking;

Purchase Undertaking means the undertaking (with its appendi- ces) to be issued by the Customer in favour of the Bank on the date of this Contract.

Purchase Undertaking means the undertaking made on or about the Issue Date by the Purchase Undertaker;

Purchase Undertaking means the purchase undertaking dated on or about the Purchase Transaction Date provided by the Company in favour of the Investment Agent.

Purchase Undertaking means the purchase undertaking dated 6 November 2023 executed by Ziraat Katılım in favour of the Issuer and the Representative;

Purchase Undertaking means the purchase undertaking dated 19 May 2023 executed by the Obligor in favour of the Trustee and the Delegate;

Purchase Undertaking means the purchase undertaking to be entered into by the Issuer, the Custodian and the Sukukholders' Agent on or about the Closing Date;