IFC Security definition

IFC Security means the security created by or pursuant to the Security Documents to secure all amounts owing by the Borrower to IFC under this Agreement and the other IFC Financing Documents to which it is a party;
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IFC Security the security created by or pursuant to the Security Documents to secure all amounts owing by the Borrower to IFC under this Agreement;
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IFC Security first ranking mortgage over Da Barra’s sugar mill plant and first ranking pledges of Da Barra’s movable assets, all acceptable to IFC;
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Examples of IFC Security in a sentence

  • IFC to be named as (i) loss payee on policies insuring assets forming part of the IFC Security and on business interruption policies and (ii) an additional named insured on liability policies (other than those in section 3 of this Annex).

  • The IFC Security shall be created and the Borrower shall comply with all requirements set forth in Section 3.01 (Approvals) and Section 3.02 (Registrations) of the Equity Pledge for the perfection of the IFC Security as a first ranking security interest in all assets and rights subject to the Security Documents within 9 months of the date of this Agreement.

  • The Borrower shall cause the Liens granted to IFC under the IFC Security Documents to be fully released, cancelled and such release and cancellation to be filed for registration with the appropriate Governmental Authorities in accordance with Applicable Law in Peru no later than ten (10) Business Days after the Borrowing Date.


More Definitions of IFC Security

IFC Security the security, with a book value (a) on the date of the disbursement of the C Loan, of no less than one and one-half times the amount of the C Loan and (b) on the date of the first Disbursement, of no less than one and one-half (1.5) times the aggregate amount of the A Loan and the C Loan, created by or pursuant to the Security Documents to secure all amounts owing by the Co-Borrowers to IFC under this Agreement;
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IFC Security means the security created by or pursuant to the Security Documents to secure all amounts owing to IFC under the IFC Loan Agreement.
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