Agreement And Undertaking Form

A letter of commitment is also common for real estate and other transactions in which a party wishes to reduce potential losses. For example, a real estate buyer`s bank can ask the seller for a LOU who assures them that if the legal transfers do not pass, any money unlocked to the seller will be returned to the bank. This is used because the bank does not have an explicit contract with the seller. PARTIES – Toronto Waterfront Revitalization Corporation (“Waterfront Toronto”) – City of Toronto (“City”) PROPERTY PIN 21384-0136 Block 3, Plan 66M-2476, City of Toronto (“Property”) Timing Simultaneous execution with a purchase and sale agreement between the city as a vendor and the George Brown College of Applied Arts and Technology (“Development Partner”) as an acquirer (“Buy and Sell Agreement”) and development agreement between Waterfront Toronto and the development partner (“development contract”). PURPOSE In order to secure Waterfront Toronto`s direct commitments to the city and to ensure that certain commitments by the development partner are met for the benefit of the city in the development of the land with partner development project (“Proposed Development”). OBLIGATIONS OF WATERFRONT TORONTO Environmental Obligations of Waterfront Toronto Incorporating Development Agreement: Waterfront Toronto (WT), as rev This letter that we, Scott I. Ross and, if I am appointed to the SeaWorld Board of Directors pursuant to the stockholders agreement (as defined below), Have James P. Chambers (together “we,” “our” or “we” and if I have been agreed by SeaWorld Entertainment. , Inc. (“SeaWorld” or “the company”) and our company Hill Path Capital LP (we , our company and the investment funds and accounts that Scott I. Ross jointly controls, “Hill Path”), contains a number of commitments from Hill Path and other agreements between the parties, pursuant to this agreement of certain shareholders, by and between SeaWorld and Hill Path, dated to the date of this agreement (the Stockholders Agreement).