Sale Undertaking definition

Sale Undertaking means the sale undertaking dated the Issue Date and granted by the Trustee for the benefit of the Obligor;

Sale Undertaking means the sale undertaking dated 29 June 2015 and granted by the Trustee for the benefit of APICORP;

Sale Undertaking means the sale undertaking dated the Issue Date and granted by the Trustee for the benefit of the Obligor and includes the form of sale/transfer agreement to be entered into in accordance with the terms of the Sale Undertaking;

Examples of Sale Undertaking in a sentence

• Although the Fund beneficially owns the Real Estate Assets, it will not enjoy any capital gain or loss from the appreciation or depreciation in respect of the Real Estate Assets due to the Sale Undertaking and Purchase Undertaking except where the right of the Sponsor to repurchase the beneficial ownership of a Real Estate Assets at the Exercise Price is lost under the terms of the Transaction Documents.

• If Optional Dissolution (Call) is specified in the applicable Final Terms as being applicable, SIB may, by exercising its option under the Sale Undertaking and serving notice on the Trustee no later than 60 days prior to the Optional Dissolution Date, oblige the Trustee to sell to SIB all of its rights, title, interests, benefits and entitlements in, to and under the Portfolio on the Optional Dissolution Date.

• Following the payment of the Sale Undertaking Exercise Price to the Issuer, Türkiye Finans and the Issuer will purchase and sell, respectively, all of the Issuer’s interests, rights, benefits and entitlements in, to and under the Portfolio Assets.

• Upon such redemption, the Trust will terminate, the Certificates shall cease to represent undivided ownership interests in the Trust Assets and no further amounts shall be payable in respect thereof and the Trustee shall have no further obligations in respect thereof; provided, however, that no such notice of redemption shall be given unless the Trustee has received an exercise notice from Majid Al Futtaim Properties under the Sale Undertaking.

• Upon expiry of any such notice given in accordance with this Condition 8.2, payment in full of the Dissolution Distribution Amount to Certificateholders and execution of a sale agreement pursuant to the Sale Undertaking, the Trustee shall be bound to dissolve the Trust.

More Definitions of Sale Undertaking

Sale Undertaking means the undertaking (with its appendices) to be issued by the Bank in favour of the Customer on the date of this Contract.

Sale Undertaking means the sale undertaking dated 30 March 2021 and granted by the Trustee for the benefit of the Obligor;

Sale Undertaking means the undertaking made on or about the Issue Date by the Trustee; "Settlement Currency" means EUR;

Sale Undertaking means the sale undertaking dated on or about the Purchase Transaction Date provided by the Investment Agent in favour of the Company.

Sale Undertaking means the sale undertaking to be dated on or about the Closing Date and executed by the Trustee in favour of IFC.

Sale Undertaking means the sale undertaking dated 27 September 2013 and granted by the Trustee for the benefit of the Obligor;

Sale Undertaking means the sale undertaking dated 16 November 2020 and granted by the Trustee for the benefit of the Obligor;