IFC Loans definition
Examples of IFC Loans in a sentence
Each of the Lenders may transfer, assign or grant its rights hereunder in connection with an assignment or transfer of all or any part of its interest in its Commitment or the IFC Loans or the DEG Loan, as the case may be, in accordance with the Investment Agreement.
The Borrower shall repay the IFC Loans made under this Agreement subject to and in accordance with the relevant provisions of Clause 9 (Repayment) of the Facility Agreement.
In respect of the Initial Closing only, approval by IFC for the prepayment of the Existing IFC Loans as contemplated herein and, to the extent required, a waiver by IFC under the agreements and other documents relating to the Existing IFC Loans as necessary to enable the Selling Shareholders and the Company to consummate the Transactions contemplated hereunder shall have been obtained and shall be in full force and effect.
If any amount owing to IFC under this Agreement shall be collected through any process of law or shall be placed in the hands of attorneys for collection, the Company shall pay (in addition to all monies then due in respect of the IFC Loans, the IFC Shares or otherwise payable under this Agreement), professional consultant and attorneys' and other fees and expenses incurred in respect of such collection.
IFC may transfer, assign or grant its rights hereunder in connection with an assignment or transfer of all or any part of its interest in its Commitment or the IFC Loans and DEG may transfer, assign or grant its rights hereinunder in connection with an assignment or transfer of all or any part of it its interest in its Commitment or the DEG Loan.
Payments and repayments to Purchaser in respect of the Purchaser Loans shall be subordinated to payments and prepayments by the Company in respect of the Existing IFC Loans, and such subordination shall be provided for in the Purchaser Loan Agreement.
The Company may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the IFC Loans on the date specified in such request (which shall be an Interest Payment Date no earlier than thirty (30) Business Days after the date of the request).
The commitment of IFC to make any Disbursement of the IFC Loans hereunder shall automatically terminate in accordance with the provisions of Article 7 of the General Conditions.
General Partner and Partnership shall use their commercially reasonable efforts to procure that the cash and cash equivalents of the Group Companies as of June 30, 2019 will be not less than the aggregate amount then outstanding under the IFC Loans.
The Borrowers shall promptly, but in any event no later than the earlier of (x) forty-five (45) days after the first Disbursement of the IFC Loans and (y) the first Disbursement under the Additional Secured Facility, deliver to the Facility Agents evidence that all revenues of the Borrowers are being paid to the Flow Trust and that any amendment to or termination of the Import Duty Contract has been recorded in the Movable Registry of Contracts (Registro Mobiliario de Contratos) in Peru.