Undertakings of the Borrower. 3.1 The Borrower, in her capacity as a shareholder of the Borrower’s Company, irrevocably undertakes that during the term hereof, she will cause the Borrower’s Company to:
Undertakings of the Borrower. 8.1 The Borrower undertakes to draw down and use the loan in accordance with the schedule and purpose as agreed hereunder. The Borrower shall not use the proceeds of the loan hereunder for investment in fixed assets or equity, or for investment in securities or futures market, or any other purpose prohibited or restricted by applicable laws and regulations.
Undertakings of the Borrower. 2.1 The Borrower hereby undertakes that:
Undertakings of the Borrower. Until the Senior Debt is Discharged, the Borrower shall not, except with the prior consent of the Security Trustee (acting on the instructions of the Instructing Group (such instructions not to be unreasonably withheld)):
Undertakings of the Borrower. 15.1 It shall withdraw and use the loans in line with the term and purposes agreed herein, and the funds borrowed will not be used for investment in fixed assets and equity, nor flow into the securities market and futures market in any ways, nor be used for other purposes that are prohibited or restricted by relevant laws and regulations in any ways.
Undertakings of the Borrower. For as long as the Bank is under any obligation to make the Facility available or for as long as any moneys or liabilities are owing or incurred to the Bank hereunder the Borrower;
Undertakings of the Borrower o The Borrower hereby undertakes that, until all sums which may be owed by the Borrower pursuant to this Agreement, any Admission Form and/or any Promissory Note have been paid or repaid in full, it shall :
Undertakings of the Borrower. 4.1 From and after the date hereof and so long as any of the Senior Liabilities are outstanding the Borrower shall not without the prior written consent of the Agent:
Undertakings of the Borrower. Unless expressly provided otherwise herein, the Company hereby agrees that as of the Closing Date and continuing for so long as (i) any amount may be drawn under the Loan or (ii) any amount remains unpaid on account of the Loans or otherwise is due to the Lender under any of the Transaction Agreements (other than the Warrant (without derogating from Lender’s rights thereunder)), the following shall apply:
Undertakings of the Borrower. The Borrower undertakes that it will use the land it owns and located in the south of Jiangdong Avenue, Jiangdong New District, Haikou City, Hainan Province, the PRC, with an area of approximately 60,000 square metres, as one of the sources of funds for the repayment of the Loan and that, without the prior consent of Huandao Hotel Investment, the Borrower will not deal with the aforesaid land in any manner, including but not limited to by way of sale, swap, gift or creation of security over the aforesaid land before the full repayment of the Loan. In addition, Huandao Hotel Investment shall have the right to request the Borrower to provide a mortgage over the aforesaid land at any time before the full repayment of the Loan by the Borrower.
