Undertaking Letter Sample Clauses

An Undertaking Letter is a formal written commitment by one party to perform certain actions or fulfill specific obligations as agreed with another party. Typically, this letter outlines the exact responsibilities being assumed, the timeframe for performance, and any conditions that must be met, such as providing documentation or making payments. Its core practical function is to provide assurance and legal accountability, ensuring that the party making the undertaking is bound to their promises, thereby reducing uncertainty and risk for the recipient.
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Undertaking Letter. The Company shall have duly executed and delivered to Sequoia an undertaking letter in the form attached hereto as Exhibit G.
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Undertaking Letter. Pursuant to the undertaking letter entered between, among others, Aideweixuan, Shanghai Boming and SHIVC Investment dated 20 August 2020, SHIVC Investment has, among other matters, undertaken to each of Aideweixuan and Shanghai Boming the following matters regarding the indirect investment through Innovital Baoli and Shanghai Wentang: (a) in order to protect the interest of the Partnership, SHIVC Investment shall procure each of Innovital Baoli and Shanghai Wentang to set up an independent simulated capital account for the Partnership in order to record the investment amount, distributable profit, loss, cost sharing (if any) at the level of Innovital Baoli and Shanghai Wentang; (b) SHIVC Investment shall procure Innovital Baoli not to sell, dispose or create any mortgage, charge or encumbrance on any indirect investment made by Shanghai Wentang for and on behalf of the Partnership without the written consent of Aideweixuan and Shanghai Boming; (c) if the investment on the relevant Qualified Investment Project by Shanghai Wentang has not been approved by the investment decision committee of the Partnership, any income or loss derived from such investment project shall not be counted towards the simulated capital account of the Partnership at Innovital Baoli and Shanghai Wentang; (d) after receiving any profit (including but not limited to dividend, income derived from the sale or disposal of investment projects) derived from the Qualified Investment Project, Innovital Baoli and Shanghai Wentang shall distribute the profit to the Partnership within 20 business days from the date of receiving the profit in accordance with the terms of the Undertaking Letter; and (e) SHIVC Investment shall use reasonable endeavours to procure each of Innovital Baoli and Shanghai Wentang to return or distribute any income or profit under the simulated capital account in accordance with the terms of the Undertaking Letter.
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Undertaking Letter. The Company shall notify the Underwriter as soon as practicable thereafter of fulfilment by the Committed Shareholders of their obligations under the Undertaking Letter and whether the conditions referred to therein (if any) have been fulfilled and in any event by not later than the Latest Time for Acceptance.
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Related to Undertaking Letter

  • Acknowledgement and Agreement By execution below, the Transferor expressly acknowledges and consents to the pledge of the 2015-1 SUBI Certificate and the 2015-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

  • Indemnity Agreement The Indemnity Agreement Regarding Hazardous Materials made by the Borrower and Guarantors, in favor of the Agent and the Lenders, as the same may be modified, amended or ratified, pursuant to which each of the Borrower and the Guarantors agrees to indemnify the Agent and the Lenders with respect to Hazardous Substances and Environmental Laws.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • INSURING AGREEMENT In return for receiving Your payment of premium when due, We will provide insurance for Your Pet(s) as detailed in the Policy terms and conditions. This agreement also includes the Declarations Page and any endorsements.

  • Confidentiality Undertaking You undertake (a) to keep all Confidential Information confidential and not to disclose it to anyone, save to the extent permitted by paragraph 2 below and to ensure that all Confidential Information is protected with security measures and a degree of care that would apply to your own confidential information, and (b) until the Acquisition is completed to use the Confidential Information only for the Permitted Purpose.