The Existing Undertaking Sample Clauses

The Existing Undertaking. The obligations of the Intermediate Companies under this Undertaking in respect of the Existing Tranches and New Tranches and the Continuing Shipowning Companies (other than Stolt Achievement B.V.) are a continuation without interruption of their respective obligations in respect of the Existing Tranches and New Tranches and the Continuing Shipowning Companies (other than Stolt Achievement B.V.) under the Existing Undertaking. Upon execution of this Undertaking by each of the Intermediate Companies, the Existing Undertaking shall terminate and neither the Intermediate Companies nor the Lender shall have any rights or obligations thereunder. In WITNESS whereof this Undertaking has been entered into on the day and in the year stated at the beginning of this Agreement and signed by the parties: As Intermediate Companies,
Sample 1
AutoNDA by SimpleDocs
The Existing Undertaking. On 20 November 2002, each of the Intermediate Companies and Xxxxx Xxxxxxx Inter European Services B.V. (“SNIES”) entered into a document entitled Undertakings by intermediary SN-companies, which document was amended by an amendment
Sample 1
The Existing Undertaking. The obligations of the Intermediate Companies under this Undertaking in respect of the Existing Tranches are a continuation without interruption of their respective obligations in respect of the Existing Tranches under the Existing Undertaking. Upon execution of this Undertaking by each of the Intermediate Companies, the Existing Undertaking shall terminate and neither the Intermediate Companies nor SNIES nor the Lender shall have any rights or obligations thereunder. In WITNESS whereof this Undertaking has been entered into on the day and in the year stated at the beginning of this Agreement and signed by the parties: As Intermediate Companies, Xxxxx-Xxxxxxx Transportation Group Ltd., Bermuda: Signature: Print Name: Xxxxxx Lion Capacity: Attorney-in-fact Xxxxx-Xxxxxxx Investments N.V.: Signature: Print Name: Xxxxxx Lion Capacity: Attorney-in-fact Xxxxx-Xxxxxxx Holdings B.V.: Signature: Print Name: Xxxxxx Lion Capacity: Attorney-in-fact Xxxxx-Xxxxxxx Transportation Group B.V.: Signature: Print Name: Xxxxxx Lion Capacity: Attorney-in-fact SNTG-LIB is signing this Undertaking below for the purposes of undertaking in favour of the Lender, in line with the provisions of Clause 3(i) of the Undertaking that no pledge or other security interest exists, and no pledge or other security interest will be created or permitted to exist, in respect of the shares owned by it in any company in the SNSA Group or in respect of any dividend payments made or to be made by any company in the SNSA Group to it. Xxxxx-Xxxxxxx Transportation Group Ltd., Liberia: Signature: Print Name: Xxxxxx Lion Capacity: Attorney-in-fact As Lender: Danish Ship Finance A/S (Danmarks Skibskredit A/S): Signature: Print Name: Print Name: Capacity: Capacity: Schedule 10 FORM OF INSURANCES ASSIGNMENT First Priority Assignment of Insurances M/S Stolt Concept M/S Stolt Confidence M/S Stolt Creativity M/S Stolt Efficiency M/S Stolt Effort M/S Stolt Innovation M/S Stolt Inspiration THIS ASSIGNMENT OF INSURANCES, dated 27 October 2005 (the “Insurances Assignment”) is made by each of the following companies (collectively, the “Continuing Shipowning Companies”):
Sample 1

Related to The Existing Undertaking

  • of the Existing Credit Agreement Section 7.7 of the Existing Credit Agreement is hereby amended by deleting Section 7.7 in its entirety and substituting the following Section 7.7 in its place:

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Amendments to the Existing Agreement As of the Effective Date (defined below), the Existing Agreement is hereby amended or modified as follows:

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Ratification of Existing Agreements All of the Borrower's obligations and liabilities to the Creditors as evidenced by or otherwise arising under the Credit Agreement, the Notes and the other Credit Documents, are, by the Borrower's execution of this Agreement, ratified and confirmed in all respects. In addition, by the Borrower's execution of this Agreement, the Borrower represents and warrants that it does not have any counterclaim, right of set-off or defense of any kind with respect to such obligations and liabilities.

  • Enforcement of the Agreement The parties hereto agree that irreparable damage would occur if any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereto, this being in addition to any other remedy to which they are entitled at law or in equity.

  • Amendments to the Existing Credit Agreement The Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows:

  • Pre-Existing Materials Subject to Section 3.A, Consultant will provide the Company with prior written notice if, in the course of performing the Services, Consultant incorporates into any Invention or utilizes in the performance of the Services any invention, discovery, idea, original works of authorship, development, improvements, trade secret, concept, or other proprietary information or intellectual property right owned by Consultant or in which Consultant has an interest, prior to, or separate from, performing the Services under this Agreement (“Prior Inventions”), and the Company is hereby granted a nonexclusive, royalty-free, perpetual, irrevocable, transferable, worldwide license (with the right to grant and authorize sublicenses) to make, have made, use, import, offer for sale, sell, reproduce, distribute, modify, adapt, prepare derivative works of, display, perform, and otherwise exploit such Prior Inventions, without restriction, including, without limitation, as part of or in connection with such Invention, and to practice any method related thereto. Consultant will not incorporate any invention, discovery, idea, original works of authorship, development, improvements, trade secret, concept, or other proprietary information or intellectual property right owned by any third party into any Invention without Company’s prior written permission.

  • Corporate Existence; Conflicting Agreements The Company will take all steps necessary to preserve and continue the corporate existence of the Company. The Company shall not enter into any agreement, the terms of which agreement would restrict or impair the right or ability of the Company to perform any of its obligations under this Agreement or any of the other agreements attached as exhibits hereto.

Time is Money Join Law Insider Premium to draft better contracts faster.