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.
A person that becomes a member of the Group after the date of this Instrument may become party hereto as an “Additional Warrant Guarantor” by delivering to the Administration Agent an Accession Undertaking executed by such person and the Issuer.
A Pari Passu Note Trustee may resign or be removed in accordance with the terms of the relevant Pari Passu Note Indenture, provided that a replacement of such Pari Passu Note Trustee agrees with the Parties to become the replacement trustee under this Agreement by the execution of a Creditor/Creditor Representative Accession Undertaking.
The Administration Agent shall notify the Issuer and the Warrant Holders of its receipt of any Accession Undertaking.
This Accession Undertaking may be executed in any number of counterparts and this has the same effect as if the execution on such counterparts were on a single copy of this Accession Undertaking.This Accession Undertaking is duly executed and delivered as a deed by the Issuer and the Proposed Additional Guarantor on the date above written, and shall take effect as a deed poll.