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Registered Mortgage Undertaking

Registered Mortgage Undertaking

Preliminary legal document executed by a borrower as a binding promise to lenders.

Undertaking Purpose

This document is executed by a borrower as a binding promise to lenders that the mortgage will be perfected shortly.

Key Elements

  • Promise to Mortgage
  • Clear Title
  • Default Clause

Undertaking Wizard

1Execution
2Banks
3Security
Execution & Company Details

Undertaking Preview

Binding legal promise for mortgage perfection.

UNDERTAKING FOR REGISTERED MORTGAGE

Standard Consortium Banking Format

THIS UNDERTAKING is executed at Mumbai on this February, 2026 by ABC Cements Corp, a company incorporated under the Companies Act 2013 and having its registered office at 6-20, Kiba 6-chome, Koto-ku, Tokyo-100-00001,Japan (hereinafter called the "BORROWER").

IN FAVOUR OF:

1. State Bank of India (Lead Bank) having its office at Nariman Point, Mumbai.

2. Syndicate Bank

3. Canara Bank

4. Indian Bank

WHEREAS the Lenders have sanctioned various loan facilities (the "Loans") to the Borrower as detailed below:

(i) SBI: Term Loan of Rs 100 lacs

NOW THE BORROWER HEREBY IRREVOCABLY UNDERTAKES AND AGREES that it shall, within 30 days from the date hereof, execute and register a valid mortgage in favour of the Lenders in respect of its properties situated at Mumbai, Maharashtra.

The Borrower further undertakes that the said properties are free from all encumbrances and it has a clear marketable title to the same.

Executed by the Borrower:

For ABC Cements Corp

Authorized Signatory

Corporate Seal
Legal Precedence

An undertaking for a registered mortgage acts as an interim security bridge. It is crucial to perfect the actual mortgage within the committed timeline to maintain priority of charge.