SEC UNDERTAKING Sample Clauses
The SEC Undertaking clause requires a party to make specific commitments or representations to the U.S. Securities and Exchange Commission (SEC), often as part of a regulatory compliance process. In practice, this clause may obligate a company to provide periodic reports, maintain certain disclosures, or take corrective actions as directed by the SEC. Its core function is to ensure that the party remains in compliance with securities laws and regulations, thereby reducing regulatory risk and promoting transparency.
SEC UNDERTAKING. Indemnitee understands and acknowledges that the Company may be required in the future to undertake with the Securities and Exchange Commission (the "SEC") to submit in certain circumstances the question of indemnification to a court for a determination of the Company's right under public policy to indemnify Indemnitee.