Borrower’s Undertaking. The Borrower undertakes to the Charterer that it shall not make any claim against the Vessel and/or the Charterer arising from any transfer or novation of the Charter to the Security Trustee or any Substitute Owner or from the entry into a new agreement by the Charterer with a Replacement Owner. The Security Trustee acknowledges that delivery by the Borrower of a notice in writing to the Charterer stating that the Borrower has no claim, and has no intention of making such a claim, against the Vessel and/or the Charterer which may arise from such transfer or novation or from the entry into a new agreement shall be a condition precedent to the effectiveness of any transfer, novation or new agreement.
Borrower’s Undertaking. The Borrower undertakes to the Finance Parties that it shall use all reasonable endeavours to procure the introduction of such Additional Lender(s) as soon as possible after the date hereof so as to give effect to the intention of the parties to this Agreement for the purposes of this Clause.
Borrower’s Undertaking. The Borrower undertakes to the Finance Parties that it shall use all reasonable endeavours to procure the occurrence of the circumstances set out in Clause 24.1 as soon as possible after the date hereof so as to give effect to the intention of the parties to this Agreement for the purposes of this Clause.
Borrower’s Undertaking. 8.1 Not later than July 31, 2008, the Borrower shall provide the Lenders with a certified copy of directors' resolutions of the Borrower, in form and substance satisfactory to counsel to the Lenders, authorizing and approving the execution and delivery of this First Amending Agreement, and any other agreements or documents relating thereto.
Borrower’s Undertaking. 1) The Borrower agree and undertake that the said advance shall be utilised exclusively for the purpose set forth in the Borrower's proposal and for no other purpose and to notify the bank in writing of any circumstances affecting the correctness of any particulars set forth in the Borrowers‟ proposal immediately after the occurrence of any such circumstances. 2) The Borrower agrees that where Bank has made payment direct to the Supplier of goods along
Borrower’s Undertaking. 3.1 To provide the Lender with authentic, complete and valid materials;
Borrower’s Undertaking. 7.1 Draw and use the loan according to the period and use agreed in this contract, the borrowed money shall not enter the securities market or the futures market in any form or for any other use prohibited or limited by the relevant laws and regulations.
Borrower’s Undertaking. The Borrower shall comply with the terms and conditions of this contract, some of which are reproduced in the “General terms” for the facility. On expiry of the agreed overdraft period, the borrower shall, unless the Bank has agreed to an extension of the overdraft period in accordance with section 7 in the “General Terms” for the facility, immediately pay his debt under the contract. When the borrower’s right to utilise the facility has expired, the borrower must immediately return unused cheques as well as any other instruments for operation of the account. Handelsbanken Contract A Account with overdraft facility for purposes other than personal consumption Branch Sundbyberg Signature Place, date Place, date Borrower’s signature XPEEDIO SUPPORT SOLUTIONS AKTIEBOLA G Bank’s signature Svenska Handelsbanken AB (publ) Name in block letters Name in block letters Notes by Handelsbanken Documents in order Date Signature Handelsbanken TERMS Applying from May 2009 General terms for Contract A – Account with overdraft facility for purposes other than personal consumption, applying from May 2009
Borrower’s Undertaking. The Borrower undertakes:
Borrower’s Undertaking. 1) The Borrower agree and undertake that the said advance shall be utilised exclusively for the purpose set forth in the Borrower's proposal and for no other purpose and to notify the bank in writing of any circumstances affecting the correctness of any particulars set forth in the Borrowers‟ proposal immediately after the occurrence of any such circumstances. 2) The Borrower agrees that where Bank has made payment direct to the Supplier of goods along with the margin contributed by the Borrower, the Borrower shall ensure that goods are delivered promptly and in good condition and the Borrower shall furnish copy of necessary receipts, proof
