IDB Group definition
Examples of IDB Group in a sentence
Be included on any Internationally Recognized Sanctions Lists or the IDB Group List of Sanctioned Firms and Individuals.
Neither it nor any of its Affiliates nor any Person acting on its or their behalf (i) has committed or engaged in any Prohibited Practice in connection with any Financing Document or any transaction contemplated by the Financing Documents or (ii) is included on any Internationally Recognized Sanctions Lists or on the IDB Group List of Sanctioned Firms and Individuals.
On receipt of any such notice, the Borrower shall immediately repay the IDB Group Loan (or that part of the IDB Group Loan specified in that notice) and pay all interest accrued on it and any other amounts then payable under this Agreement and the other Financing Documents.
During the 30th Annual Meeting of the Board of Governors of the IDB Group in Putrajaya, Malaysia, in June 2005, a resolution was adopted concerning amendment of the Articles of Agreement of the ICIEC to enable the ICIEC to insure investment flows originating from non-member countries to the member countries.
Notwithstanding anything in this Agreement to the contrary, during the term of the Agreement, none of the GE Parties shall Transfer any of the Ordinary Shares held by it to any Competitor (as defined below), without the prior written consent of each of (i) the holders of a majority of the Ordinary Shares then held by the Founders Group and (ii) the holders of a majority of the Ordinary Shares then held by the IDB Group.
The Borrower shall repay the IDB Group Loans in accordance with Section 2.06 (Prepayment) of the Terms and Conditions of the Amended and Restated Common Terms Agreement.
Each of the Founders Parties, the IDB Group and the GE Parties hereby agree to vote their Ordinary Shares at any meeting of the shareholders of the Company (or in any action in lieu thereof) in favor of the election of the Founder Directors, the IDB Directors and the GE Directors.
The Borrower hereby requests IDB Invest to act as paying agent with respect to the IDB Group Loans (the “Paying Agent”), to take all such actions with respect to the IDB Group Loans and to exercise all such powers as are delegated to it by the terms of this Agreement, together with such other powers as are reasonably incidental thereto, and IDB Invest agrees to act as Paying Agent and to perform its obligations hereunder.
In addition, on any date following the date of this Agreement on which this Agreement requires IDB Invest or the Paying Agent to determine or establish an interest rate for any IDB Group Loan, IDB Invest or, as applicable, the Paying Agent shall compute such interest rate in accordance with this Agreement, as applicable, and shall provide notice of such determination to each Participant and IDB.
In addition to any other consent or notice that may be required pursuant to the terms of this Agreement, each GE Party agrees to give the Founders Group and the IDB Group at least ten (10) days' advance written notice of any proposed Transfer which requires consent pursuant to this Section 3.3, including the number of Ordinary Shares to be transferred and the identity of the proposed transferee.