Additional Undertaking definition

Additional Undertaking means (a) cash or Cash Equivalents or (b) a Surety Bond, Guaranty or Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least AA (or equivalent) and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
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Additional Undertaking means (i) cash or cash equivalents or (ii) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is provided by a Person, whose long- term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and is otherwise satisfactory to the Collateral Agent; Additional Undertakings are addressed directly to the Collateral Agent and name the Collateral Agent as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means (a) cash or cash equivalents or (b) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is (i) provided by a Person, (ii) whose long- term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and (iii) is otherwise satisfactory to Beneficiary. Additional Undertakings shall be addressed directly to Beneficiary and shall name Beneficiary as the beneficiary thereof and the party entitled to make claims thereunder.
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Examples of Additional Undertaking in a sentence

  • If the Confirmation states that an Additional Undertaking applies, You give that Undertaking.

  • Additional Undertaking means an undertaking in Section 2 of Schedule 3.

  • Undertaking means a General Undertaking and any Additional Undertaking which the Confirmation states is to apply, and includes any undertaking applied as a Variation.

  • Short Name means, in relation to an Additional Acknowledgment, Additional Warranty, Additional Undertaking or a Foreign Jurisdiction Representation, the word or words appearing in bold in brackets at the beginning of that Acknowledgment, Warranty, Undertaking or Foreign Jurisdiction Representation.

  • Additional Undertaking in case the Applicant wishes to hold the NCDs in physical form:1.

  • Additional Undertaking in case the Applicant wishes to hold the Bonds in physical form:1.

  • As at the date of this Composite Document, the Offeror has also received irrevocable undertakings from each of the Additional Undertaking Shareholders to tender, or procure the tender of, all of the AIU Shares being the 10,609,907 WHB Shares owned by them (such shares representing approximately 3.44 per cent.

  • Additional Undertaking in case the Applicant wishes to hold the Bonds in physical form: 1.

  • Consideration: Each of the Undertaking Shareholders and the Additional Undertaking Shareholders have irrevocably undertaken to the Offeror to accept the Share Offer in respect of its respective IU Shares or AIU Shares at the Offer Price.

  • No withdrawal: Each of the Undertaking Shareholders and the Additional Undertaking Shareholders have irrevocably undertaken that it will not, prior to the earlier of the closing or lapsing of the Offers, withdraw any acceptance of the Share Offer in respect of its respective IU Shares or AIU Shares and will, where applicable, procure that no rights to withdraw any such acceptance are exercised.


More Definitions of Additional Undertaking

Additional Undertaking means (a) cash or cash equivalents or (b) a surety bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and (iii) is otherwise satisfactory to the Collateral Agent. Additional Undertakings shall be addressed directly to the Collateral Agent and shall name the Collateral Agent as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means (i) cash or cash equivalents or (ii) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is provided by a Person, whose long-term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and is otherwise satisfactory to the lender; Additional Undertakings are addressed directly to the lender and name the lender as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means (a) cash or Cash Equivalents or (b) a Surety Bond, Guaranty of Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least AA (or equivalent) and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means, in relation to each Ship, the undertaking executed or to be executed by Mx. Xxxxxxx Xxxxxxxxxxx and included in the Amended and Restated Approved Manager’s Undertaking in respect of that Ship and, in the plural, means all of them;
Sample 1

Related to Additional Undertaking

  • financial undertaking means any of the following entities:

  • 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;

  • Principal Underwriter shall have the meanings given them in the 1940 Act.

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

  • Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

  • 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;

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

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

  • Investment Company means an investment company as defined in the Investment Company Act.

  • 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.

  • Manager’s Undertaking means, in relation to a Ship, the letter of undertaking from its Approved Technical Manager and the letter of undertaking from its Approved Commercial Manager subordinating the rights of such Approved Technical Manager and such Approved Commercial Manager respectively against that Ship and the relevant Borrower to the rights of the Finance Parties in agreed form.

  • 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.

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • controlled by and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.