Equity Undertaking definition

Equity Undertaking means the undertaking executed by the Poseidon Shareholders in favour of the Security Trustee pursuant to the terms of the Original Agreement in relation to the Shareholders’ Equity, in Agreed Form;
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Equity Undertaking means the undertaking of the Guarantor set out in Clause 16.1.
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Equity Undertaking means the equity undertaking issued by the Transaction Obligors to the Issuer and the Security Agent under which the issuers of such Equity Undertaking undertake to call the limited partners’ equity commitment under the partnership agreement of the Guarantor, in an aggregate maximum amount of EUR 15,000,000.
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Examples of Equity Undertaking in a sentence

  • The Borrowers shall promptly pay any tax payable on or by reference to any Finance Document and the Equity Undertaking, and shall, on the Agent’s demand, fully indemnify each Creditor Party against any claims, expenses, liabilities and losses resulting from any failure or delay by the Borrowers to pay such a tax.

  • The Developer shall procure that the Shareholders Equity Undertaking contains provisions giving effect to the provisions of Clauses 33.1 and 33.2.

  • The Guarantor shall pay to the Security Trustee on its demand the amount of all expenses incurred by the Security Trustee or any other Creditor Party in connection with any matter arising out of this Guarantee, the Equity Undertaking or any Security Interest connected with this Guarantee, including any advice, claim or proceedings relating to this Guarantee, the Equity Undertaking or any Security Interest connected with this Guarantee.

  • The Equity Undertaking Letter contains all of the conditions precedent to the obligations of Sponsor thereunder to make the full amount of the Equity Financing available to Parent on the terms in the Equity Undertaking Letter.

  • The Equity Undertaking Letter has not been amended or modified, no such amendment or modification is presently contemplated, and the respective obligations and commitments contained in such letters have not been withdrawn or rescinded in any respect.

  • The Sponsor has the resources to provide the equity under the Shareholders Equity Undertaking in due time under the Shareholders Equity Undertaking.

  • As of the date hereof, the Equity Undertaking Letter has not been amended or modified, no such amendment or modification is presently contemplated, and the respective obligations and commitments contained in such Equity Undertaking Letter has not been withdrawn or rescinded in any respect.

  • For the removal of doubt, notwithstanding anything to the contrary in this Pledge, Advent shall be entitled to act in respect to the Advent Cash Collateral Account in the manner permitted to it under, and subject to the terms and conditions of, Section 15 of the Equity Undertaking.

  • Each of the events set out in Clause 22.2 (Non-Payment to 22.21 (Equity Undertaking) is an Event of Default (whether or not caused by any reason outside the control of any or all of the Obligors or of any other person).

  • The net proceeds of the Equity Financing if funded (and applied) in accordance with the Equity Undertaking Letter are, in the aggregate, sufficient for Sub and the Surviving Corporation to pay (i) the Aggregate Offer Price, (ii) the Aggregate Common Stock Consideration, (iii) all amounts required to be paid pursuant to Section 3.04, and (iv) the aggregate amount payable to the ▇▇▇▇▇▇▇▇▇▇ Funds in connection with the Term Loan Transfer under the Exchange Agreement.