Common use of Maintenance Amount Clause in Contracts

Maintenance Amount. IFC shall request the Company to remit to IFC, in accordance with Section 3.17 of the Special Conditions of the IFC Investment Agreement, such amounts as the Participant shall from time to time certify to IFC as being its Maintenance Amount as specified in that Section. The Participant shall take all steps necessary to enable IFC to comply with all the requirements on IFC's part contained in that Section (and the related definitions) with respect to any claim to be made by IFC thereunder in respect of the Relevant Participation. IFC shall pay to the Participant (but only out of any amounts received by it under that Section) such amounts as are received by IFC under that Section in respect of the Relevant Participation.

Appears in 3 contracts

Sources: Participation Agreement (Panda Global Holdings Inc), Participation Agreement (Panda Global Holdings Inc), Participation Agreement (Panda Global Holdings Inc)