Common use of Cancellation by the Borrower Clause in Contracts

Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans on the date specified in that notice (which shall be a date not earlier than 30 days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans effective as of that specified date if, subject to Section 2.12(c), IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date. (c) Any portion of the Additional Loans that is cancelled under this Section 2.13 may not be reinstated or disbursed.

Appears in 2 contracts

Samples: Loan Agreement (Canuelas Mill S.A.C.I.F.I.A.), Loan Agreement (Canuelas Mill S.A.C.I.F.I.A.)

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Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel cancel, in whole or in part, the undisbursed portion of the Additional Loans Loan on the date specified in that notice (which shall be a date not earlier than 30 days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans Loan effective as of that specified date if, subject to Section 2.12(c) (Suspension or Cancellation by IFC), IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date. (c) Any portion of the Additional Loans Loan that is cancelled under this Section 2.13 may not be reinstated or disbursed.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Chindex International Inc)

Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans Loan on the date specified in that notice (which shall be a date not earlier than 30 thirty (30) days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans Loan effective as of that specified date if, subject to Section 2.12(c), if IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date. (c) Any portion of the Additional Loans Loan that is cancelled canceled under this Section 2.13 3.14 may not be reinstated or disbursedreborrowed.

Appears in 1 contract

Samples: Loan Agreement (Cascal B.V.)

Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans Loan on the date specified in that notice (which shall be a date not earlier than 30 thirty (30) days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans Loan effective as of that specified date if, subject to Section 2.12(c), 3.12 (d) above: (i) IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date; and (ii) if any amount of the Loan is then outstanding, IFC is reasonably satisfied that the Borrower has sufficient long-term funding available, on terms satisfactory to IFC, to cause the Project Physical Completion Date to occur as scheduled. (c) Any portion of the Additional Loans Loan that is cancelled canceled under this Section 2.13 3.13 may not be reinstated or disbursedreborrowed.

Appears in 1 contract

Samples: Loan Agreement (Glamis Gold LTD)

Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans Loan on the date specified in that notice (which shall be a date not earlier than 30 thirty (30) days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans Loan effective as of that specified date if, subject to Section 2.12(c)3.24 (d) above, IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date. (c) Any portion of the Additional Loans Loan that is cancelled canceled under this Section 2.13 3.25 may not be reinstated or disbursedreborrowed.

Appears in 1 contract

Samples: Loan Agreement (Cosan Ltd.)

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Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans Loan on the date specified in that notice (which shall be a date not earlier than 30 days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans Loan effective as of that specified date if, if subject to Section 2.12(c), IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date. (c) Any portion of the Additional Loans Loan that is cancelled under this Section 2.13 may not be reinstated or disbursed.

Appears in 1 contract

Samples: Loan Agreement (Logistic Properties of the Americas)

Cancellation by the Borrower. (a) The Borrower may, by notice to IFCIFC prior to the Disbursement, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans IFC A Loan on the date specified in that notice (which shall be a date not earlier than 30 days after the date of that notice). (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans IFC A Loan effective as of that specified date if, subject to Section 2.12(c), if IFC has received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date. (c) Any undisbursed portion of the Additional Loans that is IFC A Loan, if cancelled under this Section 2.13 2.13, may not be reinstated or disbursed. (d) The IFC C Loan may not be cancelled by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Ambow Education Holding Ltd.)

Cancellation by the Borrower. (a) The Borrower may, by notice to IFC, irrevocably request IFC to cancel the undisbursed portion of the Additional Loans Loan on the date specified in that notice (which shall be a date not earlier than 30 days after the date of that notice).. ​ (b) IFC shall, by notice to the Borrower, cancel the undisbursed portion of the Additional Loans Loan effective as of that specified date if, subject to Section 2.12(c) (Suspension or Cancellation by IFC), IFC has ​ ​ received all fees and other amounts accrued (whether or not then due and payable) under this Agreement up to such specified date.. ​ (c) Any portion of the Additional Loans Loan that is cancelled under this Section 2.13 may not be reinstated or disbursed.. ​

Appears in 1 contract

Samples: Loan Agreement (Telecom Argentina Sa)

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