Undertakings of the Issuer. The Issuer undertakes and guarantees to the Subscriber that:
Undertakings of the Issuer. Notification of material developments Subject to applicable law, the Issuer shall promptly after becoming aware of the occurrence thereof notify the Arranger of any development affecting the Transferor or any of its businesses which is material in the context of the Programme or any issue of Covered Bonds (including without limitation, a change in the published ratings given by (i) a rating agency in relation to the Issuer, or (ii) the Rating Agency in relation to the Covered Bonds).
Undertakings of the Issuer. Based upon the statements, representations, and undertakings of the [Obligated Group] and subject to the conditions set forth herein and in the Preliminary Resolution, the Issuer agrees as follows:
Undertakings of the Issuer. 12.1 The undertakings referred to in this Clause 12 (Undertakings of the Issuer) will apply to the issue of each Series of Bonds.
Undertakings of the Issuer. 3.1 The Issuer undertakes to pay to the Agent the fee referred to in Clause 4.1 (Fee payable) and the costs and expenses referred to in Clause 4.2 (Costs and expenses, indemnity) (together the “Agent Fee”).
Undertakings of the Issuer. Subject to the fulfillment of the several conditions herein stated, the Issuer agrees as follows:
Undertakings of the Issuer. The Issuer undertakes to the Dealer as follows:
Undertakings of the Issuer. 3.1 If, prior to the time a Note is issued and delivered to or for the account of the relevant Dealer, an event occurs which would render any of the representations and warranties set out in Clause 2.1 immediately, or with the lapse of time, untrue or incorrect or otherwise would be material to holders of Notes, the Issuer will inform the relevant Dealer in writing as soon as practicable of the occurrence of such event. In either case, the relevant Dealer shall inform the Issuer in writing without any undue delay whether it wishes to continue or discontinue the issuance and delivery of the respective Notes. In the event that any of the Dealers notifies the Issuer that it has Notes it is holding in inventory, the Issuer shall promptly either confirm to the relevant Dealer that the representation and warranty contained in sub- clause 2.1.5 is true and accurate on the date of such confirmation or supplement or amend the Information Memorandum so that the representation and warranty contained in sub-clause 2.1.5 is true and accurate as at the date such supplement or amendment is delivered to the Dealers and the Issuer shall make such supplement or amendment available to the Dealers.
Undertakings of the Issuer. 15.1 The Issuer shall cause all income from the Lease Certificate Assets to be collected, and all payments in respect of the Certificates to be made, in accordance with the Conditions, this Deed (as applicable) and the Agency Agreement.
Undertakings of the Issuer. 4.2.1. The Issuer undertakes to the Joint Trustees that it shall procure the deposit of ₦[1,272,756,569.00] from the CDSA and ISPO to the Series 1 Sinking Fund (the former shall be increased after the Principal Moratorium Period, in accordance with Clause 3.6.4) at least fifteen (15) Business Days prior to the end of every month during each year in which the Bonds remain outstanding and cause same to be deposited into the Series 1 Sinking Fund towards the accumulation of monies for principal and Coupon payment or early redemption prepayment (where applicable), in accordance with Schedule 2 hereto.
