Abstract acknowledgement Sample Clauses

Abstract acknowledgement. (a) The Issuer hereby irrevocably and unconditionally undertakes by way of an abstract acknowledgement (abstraktes Schuldversprechen) to the Security Trustee to fulfil its Secured Put Option Obligations, repayment of the Outstanding Amount and its Secured Settlement Obligations under the Bonds (including its Terms and Conditions) towards the Bondholders (the "Security Trustee Claim"). (b) Without prejudice to paragraph (a) above, the obligation of the Issuer to the relevant Bondholder shall remain unaffected by the provisions of this paragraph. The Security Trustee Claim may be enforced separately from the Bondholder's claim in respect of the same obligation of the Issuer.