Examples of IFC Investment Agreement in a sentence
IFC shall consult with the Participants before agreeing to any amendment or granting any waiver or consent with respect to any of the covenants contained in Articles 5 and 6 of the General Conditions of the IFC Investment Agreement or Article 7 of the Special Conditions of the IFC Investment Agreement, if such amendment, waiver or consent would, in the reasonable opinion of IFC, materially and adversely affect the interests of the Participants (as Participants).
IFC shall pay to the Participant (but only proportionately out of any amounts received by IFC under Section 3.9 of the Special Conditions of the IFC Investment Agreement) such amounts of interest at the default rate specified in that Section as are attributable to the Relevant Participation.
The B Loan (and in certain circumstances, just the part of the B Loan represented by the Relevant Participation) is subject to prepayment as provided in the IFC Investment Agreement.
With regard to amounts payable by the Company pursuant to Section 3.16 of the Special Conditions of the IFC Investment Agreement, IFC shall pay to the Participant (but only out of any amounts received by IFC thereunder) such amounts as are attributable to the Relevant Participation.
IFC is willing to provide financing for the power plant, pursuant to that certain IFC Investment Agreement dated as of the Closing Date between the Company and IFC (the "IFC Investment Agreement"), but only if the Pledgor shall pledge its Shares pursuant to this Agreement.
If the whole or any part of the B Loan is cancelled pursuant to Section 3.14 of the Special Conditions of the IFC Investment Agreement (except at the request of the Participant pursuant to Section 2.4 (d) of this Agreement, or of any other Participants pursuant to similar provisions in their Participation Agreements), the amounts of the Participations which the Participants have agreed to acquire shall be reduced pro rata.
DEG is willing to provide financing for the power plant, pursuant to that certain DEG Investment Agreement dated as of the Closing Date between the Company and DEG (the "DEG Investment Agreement," and together with the IFC Investment Agreement, the "Investment Agreement"), but only if the Pledgor shall pledge its shares pursuant to this Agreement.
If the Company is required under the terms of Section 5.9 of the General Conditions of the IFC Investment Agreement to gross-up the amount of any payment and then to deduct or withhold tax from such grossed-up payment, IFC shall endeavor to pass on to the Participant, to the extent practicable, its proportionate share of the tax receipt or other evidence of deduction or withholding which the Company sends to IFC.
IFC shall also pay to the Participant (but only proportionately out of the amounts received by IFC pursuant to Section 3.4(a)(ii)(B) of the Special Conditions of the IFC Investment Agreement) a front-end fee of one percent (1%) of the amount of the Relevant Participation.
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.