Undertakings with respect to Exchange. The Issuer and the Agents respectively undertake to comply with the Conditions with respect to exchange of the Bonds and the Guarantor undertakes in the event of failure of the Issuer to perform the same when due to be performed, procure the performance by the Issuer of its obligations under the Conditions to pay the Cash Settlement Amount to the Bondholders on the exercise of Exchange Rights in the manner prescribed in the Conditions, failing which the Guarantor will pay the Cash Settlement Amount to the Bondholders in accordance with the Conditions and the Trust Deed.
Undertakings with respect to Exchange. The Issuer and the Agents respectively undertake to comply with the Conditions with respect to exchange of the Notes for a pro rata share of the Exchange Property in accordance with the provisions hereof and the Conditions.
