Miscellaneous Commitments Clause Samples

Miscellaneous Commitments. The Borrower undertakes, during the term of the Agreement : 1. To immediately inform the Agent in writing of the occurrence of any Event of Default as soon as it is aware of it; 2. To organize all information meetings, within a reasonable period and at the Agent’s reasonable request ; 3. To immediately inform the Agent, in writing, as soon as it is aware of any Material Adverse Effect ; 4. To enter into and /or to have its subsidiaries enter into the damage and legal liability insurance policies necessary to cover the risks in the Group’s business sector, to ensure that they remain in force throughout the term of the Loan, and to make all necessary agreements in order to ensure that this commitment is effective; 5. To ensure that the Group’s plant and assets are kept in a condition which complies with the industry standards in force which are applicable to it, and to take all the necessary measures to make this undertaking effective ; 6. To pay all of the taxes due on the correct date, unless the Borrower and /or the Subsidiaries disputes these sums in good faith, and in this last case provided the Agent is provided with reasonable information relating to the said dispute, on behalf of the Banks ; 7. To conduct all business in compliance with the laws and regulations in force applying to it, where non-compliance would have a Materiel Adverse Effect ; 8. To ensure that its dividend policy regarding its Subsidiaries is consistent with the constraints on repayment of the Loan and the payment of the interest relating to it, and to give priority to any distribution of dividends to the repayment of the Loan and payment of the associated interests ; 9. To obtain and to renew or to have renewed, as far as is required any authorization required for the signature, the validity, the performance or the renewal of any documents relating to the Acquisition as well as any Contractual Document renewed ; 10. To opt for the Group’s tax provisions defined in article 223 A of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tax Code, to perform all the formalities required to benefit under these tax provisions so that they apply to the fiscal year starting on October 1 2004, to obtain the agreement of the French Subsidiaries of which it directly or indirectly holds 95% of the capital and voting rights to be included in the consolidation and to provide the Agent on demand with all substantiating documents relating to thereto ; 11. To ensure that the above Group tax provisions remain in force during the ter...