Accession Undertaking definition

Accession Undertaking means a Deed of Accession;

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Accession Undertaking means: 2.1.1.1 in relation to any Additional Borrower, an undertaking substantially in the form set out in Schedule 5 (Form of Accession Undertaking) delivered or to be delivered to the Facility Agent and by which an Additional Borrower will become a Party to this Agreement; and 2.1.1.2 in relation to any Additional Guarantor, an undertaking substantially in the form set out in Schedule 5 (Form of Accession Undertaking) delivered or to be delivered to the Facility Agent and by which an Additional Guarantor will become a Party to this Agreement;

Accession Undertaking means an accession undertaking in substantially the form set out in Schedule 9 (Form of Accession Undertaking).

Examples of Accession Undertaking in a sentence

Each of the Lenders appoints the Facility Agent to receive on its behalf each Accession Undertaking delivered to the Facility Agent and to accept and sign it if, in the Facility Agent’s opinion, it is complete and appears on its face to be authentic and duly executed by the relevant acceding party and until accepted and signed by the Facility Agent that document shall not be effective.
Delivery of an Accession Undertaking constitutes confirmation by the relevant Subsidiary that the representations in clause 16 (Representations and Warranties) are true and correct in relation to it as at the date of delivery as if made by reference to the facts and circumstances then existing.
If Funding enters into a New Intercompany Loan Agreement, then the Servicer, the Seller, Funding, the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as may be necessary or required by the Rating Agencies for the purpose of including the New Issuer, any New Funding Swap Provider, any New Start-up Loan Provider and any other person who has executed an Accession Undertaking or any New Intercompany Loan Agreement in the Transaction Documents.
Any person which becomes a party to the Intercreditor Agreement as a Hedge Counterparty shall, at the same time, become a Party to this Agreement as a Hedge Counterparty in accordance with Clause 20.13 (Creditor/Creditor Representative Accession Undertaking) of the Intercreditor Agreement.
No person shall become a Senior Agent, Second Lien Agent, Senior Secured Notes Trustee, Pari Passu Debt Representative, Second Lien Notes Trustee, High Yield Agent, High Yield Notes Trustee, Unsecured Agent or Unsecured Notes Trustee unless at the same time, it accedes to this Agreement in such capacity pursuant to Clause 23.13 (Creditor Accession Undertaking).

More Definitions of Accession Undertaking

Accession Undertaking means a document substantially in the form set out in Schedule 1 of the Agency Agreement

Accession Undertaking means an undertaking in substantially the form set out in Schedule 5 (Form of Accession Undertaking).

Accession Undertaking means a form of deed of accession to the Deed of Charge substantially in the form set out in Schedule 3 (Form of Accession Undertaking) to this Deed;

Accession Undertaking means an undertaking in the form set out in Schedule 1 (Form of Accession Undertaking) hereto.

Accession Undertaking means an accession undertaking in the form specified in Schedule 2 (Form of Accession Undertaking) of the Assignment of Intercompany Loans.

Accession Undertaking means in relation to a New Lender an undertaking substantially in the form set out in Schedule 11 (Form of Accession Undertakings);

Accession Undertaking means an agreement in the form substantially set out in the Twelfth Schedule pursuant to which NAANOVO MEXICO WTE S.A. agrees to become a party hereto as therein provided;