Undertaking Agreement Meaning

27-18-302. Filing of undertaking — Responsibility of the sheriff. The sheriff must then file this obligation with the officer of the district court from which the notice of seizure originates, and that sheriff then extinguishes liability under that application, and all acts against that business are committed against the debtors named in that business. That`s why I didn`t think about making a 60-mile ride in scorching heat and along a nasty road. Pfizer is making a bold $100 billion bid for rival AstraZeneca. A business with sufficient security is a loan. The term is used in a general sense to refer to any type of promise or disposition. As a rule, non-compliance is a late event as part of the loan agreement. This means that if you break your promise (and you can`t do so in an additional period of time), the lender will be able to demand immediate repayment of the loan. In addition, they may be able to assert a right for infringement.

Examples of negative commitments are the promise not to do so: financial covenants are positive or negative commitments specifically related to a borrower`s finances. Borrowers should pay particular attention to being realistic and offering their businesses sufficient flexibility to be able to work without violating covenants. The family business gives two reasons for this effort. 11.16.070 Filing of an undertaking. Instead of a general or special bond, or to supplement an insufficient general bond, the contractor in a position to move may file with the Commissioner an obligation in the amount of at least one thousand dollars, enforced either by two guarantees of sufficient quality or by a company incorporated for the purpose of performance. Guarantee or guarantee of obligations or obligations under Article 1056 of the Code of Civil Procedure and by the moving contractor, provided that he pays all fees and other charges required under this Article, which may be due on the basis of authorisations issued for a period of at least one year. In criminal proceedings, a bail guarantee is a guarantee for the appearance of the accused. In the event that the defendant does not show up, the amount deposited in the form of security expires. (a) No later than 15 days after the third party`s claim is filed with the levy, in accordance with the provisions of paragraphs 720.120 or 720.220 or 15 days after the filing of an obligation under section 720.610, either the creditor or the third party may request a hearing in court to determine the validity of the third party`s claim and the correct decision on the property that is the subject of the claim. . .