GENERAL UNDERTAKINGS
The undertakings in this Clause 14 (General Undertakings) remain in force from the
date of this Agreement for so long as any amount is outstanding under this
Agreement.
14.1 The Borrower shall promptly (i) obtain, comply with and do all that is necessary to
maintain in full force and effect; and (ii) supply certified copies to the Bank of, any
authorisation required under any law or regulation of its jurisdiction of incorporation
to enable it to perform its obligations under this Agreement and to ensure the legality,
validity, enforceability or admissibility in evidence in its jurisdiction of incorporation.
14.2 The Borrower shall comply in all respects with all laws to which it may be subject, if
failure so to comply would materially impair its ability to perform its obligations
under this Agreement.
14.3 The Borrower shall not:
14.3.1 create or permit to subsist any security over any of its assets;
14.3.2 sell, transfer or otherwise dispose of any of its assets on terms whereby they are
or may be leased to or re-acquired by the Borrower;
14.3.3 sell, transfer or otherwise dispose of any of its receivables on recourse terms;
14.3.4 enter into any arrangement under which money or the benefit of a bank or other
account may be applied, set-off or made subject to a combination of accounts; or
14.3.5 enter into any other preferential arrangement having a similar effect,
in circumstances where the arrangement or transaction is entered into primarily as a
method of raising indebtedness or of financing the acquisition of an asset.