Incredimail 2011 Annual Report Download - page 137
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Notwithstanding the foregoing, if in the Bank's opinion acting as a reasonable banker, such notice period is likely to materially jeopardize the Bank's ability to recover
all or part of our indebtedness and undertakings – the Bank shall be entitled to immediately demand repayment of our aforesaid
indebtedness without prior notice.
Yours faithfully,
_______________________
(signature)
7.
Extent of Undertakings
The aforesaid undertakings shall be in force so long as the there are or will become due to the Bank by the Company any amounts whatsoever on account of the Credit
granted and/or which shall be granted by the Bank in the future and/or as long as the various undertakings and guarantees in favour of the Bank or for its benefit shall
be in force.
In case we shall not comply with some or all of the Financial Covenants and/or in the event of a material breach of, or failure to substantially fulfill, in the Bank's
reasonable opinion, any of the undertakings herein provided, the Bank shall, without prejudicing of any other of the Bank's rights, be entitled but not obliged to declare
our indebtedness and undertakings, in whole or in part, to be immediately due and payable, subject to the prior written notice of seven (7) days to the Company, and to
impose on us following such acceleration of debt any sum that the Bank reasonably incurred to cover its losses and/or expenses due to the aforementioned.
For the avoidance of doubt, the forgoing shall not in any way derogate from our undertakings under any document signed or to be signed by us, nor shall the forgoing
in any way diminish any of the Bank's rights to declare our indebtedness and undertakings, in whole or in part, to be immediately due and payable under any
document or law.
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