Sponsor Undertaking definition

Sponsor Undertaking means the agreement entered into between the Sponsor, the Issuer, the Debenture Trustee pursuant to the terms of this Deed and Debenture Documents.

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Sponsor Undertaking means the undertaking letter from GCI substantially in the form of Exhibit H hereto, as such undertaking letter may be amended, supplemented or otherwise modified, renewed or replaced from time to time in accordance with the terms thereof.

Sponsor Undertaking means the undertaking executed by the Sponsor dated on or about the date of this Agreement in favour of the Guarantor.

Examples of Sponsor Undertaking in a sentence

• Failure or default by the Issuer or the Sponsor to perform any of their respective obligations (other than payment and Safeguard and Integrity Provisions related obligations as specified in Clause 8A.1 (i) and (ii) above) under the IIFCL Guarantee, Counter-Indemnity, the Corporate Guarantee and the Sponsor Undertaking and such failure or default is not cured within [•] days of the occurrence of such failure or default.

• Well Agreement, (2) Holdings Keep-Well Agreement, (3) Holdings Lease Guaranty Agreement, (4) Subordination Agreement, (5) Sponsor Undertaking, (6) Completion Guaranty and (7) SSI Cash Collateral Agreement.

• The Sponsor does not fulfil its obligations pursuant to the Sponsor Undertaking.

• No Company shall seek to exercise any right to terminate the EPL CTA, EPL SLA and EPL Sponsor Undertaking.

More Definitions of Sponsor Undertaking

Sponsor Undertaking means the undertaking from the Guarantor regarding the indirect ownership of the Borrower in favour of the Lenders and dated on or about the date hereof.

Sponsor Undertaking means an undertaking from the Sponsor in favour of the Borrower set out in a omnibus agreement whereby the Sponsor undertakes to compensate the Borrower for any difference in charter hire below the charter hire agreed for the Charterparty during the five year period after the Effective Date.