GENERAL UNDERTAKINGS Clause Samples

GENERAL UNDERTAKINGS. The undertakings in this clause shall remain in force from the date of this Agreement until the Discharge Date.

GENERAL UNDERTAKINGS. The Charter Guarantor hereby agrees and undertakes to the Mortgagee that it will at all times throughout the Security Period: 7.1.1 deliver to the Mortgagee sufficient copies of each of the following documents: (a) not later than one hundred and eighty (180) days after the end of each financial year, the audited balance sheet and profit and loss account of the Charter Guarantor and the audited consolidated balance sheet and the consolidated profit and loss account of the Group for such financial year and a cash flow statement for the Group for such financial year together with the report of the auditors thereon, the notes thereto and the directors' report thereon, if any; (b) at the time of issue thereof every report, circular, notice or like document issued by the Charter Guarantor to its shareholders or creditors generally; (c) at the time of the delivery of the annual audited financial statements, a statement from the Charter Guarantor's auditors stating the respective amounts of the Net Asset Value, Book Equity, the Total Debt and the Total Market Value Adjusted Assets, in respect of or, as the case may be, as at the end of the financial year to which such financial statements relate indicating the manner in which the same have been calculated and whether or not the limits imposed by clauses 7.2.1, 7.2.4 and 7.2.5 have or have not been exceeded at such time and so that each such statement shall (in the absence of manifest error or in the absence of the Mortgagee reaching a different determination pursuant to clause 7.2.8) be conclusive evidence of such amounts or facts for the purposes of this Deed; and 7.1.2 comply with its obligations under the Charter Guarantee.

GENERAL UNDERTAKINGS. The Borrower undertakes that this clause 21 will be complied with throughout the Facility Period.

GENERAL UNDERTAKINGS. The Borrower undertakes with the Bank that, so long as any Commitment is in force or any monies or obligations are outstanding under this Agreement: 1) it will ensure that its obligations under this Agreement shall at all times rank at least pari passu with all its other present and future secured unsecured and unsubordinated Indebtedness (with the exception of any obligations which are mandatorily preferred by law and not by contract), 2) it will prepare financial statements in respect of each financial period in accordance with Clause 11.4 and cause the same to be audited by its auditors and deliver two (2) copies of the same to the Bank promptly and in any event not later than one hundred and fifty (150) days after the end of the relevant financial period, 3) it will deliver to the Bank two (2) copies promptly and in any event not later than sixty (60) days after the relevant period, of management accounts relating to it containing financial information (in no less detail than such as having been prepared prior to the date of this Agreement) in respect of successive half-yearly periods during each of its financial years, 4) it will provide the Bank with copies of all notices and other communications despatched to its shareholders or its creditors when despatched, 5) it will provide the Bank with such financial and other information concerning its business, assets and affairs as the Bank may from time to time reasonably require except that it will not be obliged to provide any such information which is secret or confidential to it except on the basis of a confidentiality undertaking by the Bank reasonably acceptable to it or if disclosure requires the consent of any third party which it will on request use best endeavours to obtain, 6) it will obtain, maintain in full force and effect and comply with all Material Consents and any conditions thereof, 7) it will not make or permit any material change in the nature of its business or commence any new type of business materially different from its business at the date of this Agreement, 8) it will promptly inform the Bank, forthwith upon becoming aware of the same, of any occurrence or circumstance of which it becomes aware which might/would be likely to adversely affect its ability to perform its obligations under this Agreement or any Related Document and of any Event of Default or Potential Default, 9) it will from time to time, forthwith on request by the Bank, deliver to it a certificate signed by two o...

GENERAL UNDERTAKINGS. 9.1 The Customer undertakes as follows: 9.1.1 The Customer shall, immediately upon becoming aware of it, notify the Bank of any material litigation, arbitration or administrative proceedings pending or, to the best of its knowledge, information threatened against the Customer which may adversely affect the Customer’s ability to honour any of the terms and conditions in this agreement.

GENERAL UNDERTAKINGS. The undertakings in this clause 19 (General Undertakings) are given in favour of each Finance Party and remain in force from the Signature Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.

GENERAL UNDERTAKINGS. The undertakings in this Clause 22 remain in force for the duration of the Facility Period.

GENERAL UNDERTAKINGS. Each Obligor gives the undertakings set out in this Clause 25 to each Finance Party and such undertakings shall remain in force throughout the Security Period.

GENERAL UNDERTAKINGS. The undertakings in this Clause 20 remain in force from the Execution Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.