SPECIFIC UNDERTAKING S Clause Samples

SPECIFIC UNDERTAKING S. 7.1 The Borrower undertakes to duly and timely perform the following obligations: (a) Signing the statement: before the issuance of thGeuarantee Instrumenbty the Bank,to sign on each page of the agreedGuarantee Instrumentet mplate the following statement³: : H U H S U H V H Q W W K D W Z H I X acknowledge the content of thGisuarantee Instrument template l(▇▇▇▇▇ of guarantee/ letter of counte-r guarantee, as the case may be) and we undertake any risk arising from its enforce³menHt [ F H S W L I L W requested in the submitted application that the texts of the guarantees be prepared and issued oNn ¶thVe Ban W H P S O D W H L Q Z K L F K F D V H W K H %D Q N ¶ V W H P S O D W H L V G H H P H G submission of application; (b) Waiver of court actions: the Borrower understands that,by effect of signing the Credit Facility Agreement,it remains entireyl liable to the Bank for all direct and indirect consequences arising from the Financing Documents and thGe uarantee Instrumenitssued by the Bank and accepted by the Borrower and renounces to any opposition, dispute, protest or action before a court aowf lin connection with the execution of the Guarantee Instrumenutspon request from the Beneficiary and also undertanoket sto introduce court actions to request the Bank to comply, not comply or suspend payment obligations against the Beneficiary soufetdhe is Guarantee Instrumen;ts (c) Risk undertaking in the event of Partnership: if the Borrower requests the issuance Gouf arantee Instrumentsfor V H F X U L Q J R E O L J D W L R Q V R I D S D U W Q3HDUUVWKQL HS),wUhZeVrLeKWtLheKS R´ X W O H ▇▇▇▇▇▇▇▇ is acting sa leader or member of the Partnership,the Borrower under,tuankteilscomplete fulfilment of all obligations to the Bank based on any Financing DocumtheentG, uarantee Instrumenetnforcement risk for all obligations of the Partnership secured by the Bairnreks, pective of the fault of the associate who determined the enforcement of tGheuarantee Instrume.nTthe Borrower irrevocably waives its right to rely on any defence, waivers or objections of any kind arising from a joint offer of the Partnership, threeamgent entered into the Partnership and the Beneficiary or from the partnership agreement (arrangement),with regards to the performance of the secured obligations to the Beneficiary oGf uthaerantee Instrume.▇▇▇▇▇ ▇▇▇▇▇▇▇▇ authorizes the Bank to makeethpayment under thGe uaranteeInstrument underthe terms and conditions therein,without any further formalities. (d) Risk under...

SPECIFIC UNDERTAKING S. 4.1 Current account:sUntil the full satisfaction of all the obligations owed to the Bank under any Financin Document, in addition to the obligations provSideecdtioant5 (General undertakings of the De)btfororsm Chapter 1 G( eneral provision)shereof, the Borrower undertakes to maintain current accounts open with the Bank in each of the Multiproduct Facility Currencies.

SPECIFIC UNDERTAKING S. Until the full satisfaction of all obligations due to the Bank under any FinancingthDe oBcourmroewnet,r, in addition to the obligations provided Suencdteior n5 (General undertakings of the De)btfororsm Chapter 1 (General provisio)nhsereo,fundertakes to duly and timely perform the followinigonosb:ligat