IFC Loan definition
Examples of IFC Loan in a sentence
The representations and warranties made by VGEI in Section 4.01 of the IFC Loan Agreement are true and correct in all material respects (except for any such representations and warranties which are qualified by their terms by a reference to materiality or material adverse affect, which representation as so qualified shall be true and correct in all respects).
Following the financial structuring described above, IFC will, with its legal counsel, organize and coordinate the drafting, negotiation and execution of legal documentation for each IFC Loan.
Following the appraisal, if IFC determines that a Project or the Projects meet the conditions for a potential IFC investment, IFC will submit to the City and negotiate a draft term sheet outlining the proposed financing structure and the principal terms and conditions of each IFC Loan, subject to IFC’s management and board approval.
In the event that IFC has not made a Disbursement pursuant to the IFC Loan Agreement in an amount equal to or greater than the Loan made hereunder within three (3) Business Days of the funding of such Loan pursuant to Section 1.01(a) of the Credit Agreement, Borrower shall immediately notify Lender and shall repay such loan plus interest accruing thereon to Lender upon three Business Days written demand from Lender.
The Borrower, the Project Company and IFC are amending and restating the Original IFC Loan Agreement as of the date hereof to, among other things, extend the term of the IFC Loan (as so amended and restated, the "IFC Loan Agreement").