Conditions of All Disbursements. The obligation of IFC to make any Disbursement, including the first Disbursement, is also subject to the conditions that:
Conditions of All Disbursements. The obligation of IFC to make any Disbursement, including the first Disbursement, is also subject to the conditions that:
(a) no Event of Default and no Potential Event of Default has occurred and is continuing;
(b) the proceeds of that Disbursement are, at the date of the relevant request, needed by the Co-Borrowers for the purpose of the Project, or will be needed for that purpose within three (3) months of that date;
(c) since the date of this Agreement nothing has occurred which has or can reasonably be expected to have a Material Adverse Effect;
(d) since the date of this Agreement, the Co-Borrowers (taken as a whole) have not incurred any material loss or liability (except such liabilities as may be incurred in accordance with Section 6.02 (NEGATIVE COVENANTS ));
(e) the representations and warranties made in Article IV are true and correct in all material respects on and as of the date of that Disbursement with the same effect as if those representations and warranties had been made on and as of the date of that Disbursement (but in the case of Section 4.01(c) (REPRESENTATIONS AND WARRANTIES), without the words in parentheses);
(f) the proceeds of that Disbursement are not in reimbursement of, or to be used for, expenditures in the territories of any country which is not a member of the World Bank or for goods produced in or services supplied from any such country;
(g) IFC has received (if it so requires) a legal opinion or opinions in form and substance satisfactory to IFC, of IFC's counsel in the relevant Countries, and concurred in by counsel for the Co-Borrowers, with respect to any matters relating to that Disbursement;
(h) after giving effect to that Disbursement, none of the Co-Borrowers would be in violation of:
(i) its Charter;
(ii) any provision contained in any document to which such Co-Borrower is a party (including this Agreement) or by which such Co-Borrower is bound; or
(iii) any law, rule, regulation, Authorization or agreement or other document binding on such Co-Borrower directly or indirectly limiting or otherwise restricting its borrowing power or authority or its ability to borrow;
(i) (without limiting the generality of Section 5.02(h)), after taking into account the amount of that Disbursement and any other Long-term Debt incurred by the Co-Borrowers and of any amounts of Shareholders' Equity paid into the Co-Borrowers after the date of the latest financial statements of the Co-Borrowers due pursuant to Section 6.03(a) (REPORT...
Conditions of All Disbursements. The obligation of IDB to make any Disbursement of the Loan (including, except where otherwise stated, the first Disbursement) is also subject to the fulfillment, in a manner satisfactory to IDB, of the following conditions:
Conditions of All Disbursements. The obligation of the Lenders to make any Disbursement, including the first Disbursement, is subject to each such Lender being satisfied that the conditions set forth in Section 4.02 of the Common Terms Agreement (and, in case of the first Disbursement, in Section 4.01 (Conditions of First Disbursement) of the Common Terms Agreement), Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, and the conditions set forth below, have been either fulfilled or waived by such Lender, as the case may be, prior to delivery of the Disbursement Request (or, in the case of the conditions set forth in Sections 4.02(n) (Notes) and 4.02(g) (Subsequent Legal Opinions) of the Common Terms Agreement (if required), no later than two (2) Business Days prior to the proposed date for such Disbursement):
(a) The proceeds of that Disbursement are not in reimbursement of, or to be used for, expenditures in the territories of any country that is not an IIC Member or an IDB Member for goods produced in or services supplied from any such country.
(b) Notwithstanding any other provision of this Agreement or the Common Terms Agreement, the Lenders are not obliged to make:
(i) any Disbursement, except pro rata with the Disbursement of each of the other Senior Loans; and
(ii) any Disbursement, except pro rata from the IIC A Loan, the IDB A Loan and the C2F Loan.
Conditions of All Disbursements. The obligation of the Senior Lenders to make any Disbursement, including the first Disbursement, is subject to each such Senior Lender being satisfied that the conditions set forth below in this Section 4.02 (and, in case of the first Disbursement, in Section 4.01 (Conditions of First Disbursement)) and in such Senior Lender’s Loan Agreement have been either fulfilled or waived by such Senior Lender, as the case may be, prior to delivery of the Disbursement Request (or, in the case of the conditions set forth in Sections 4.02(n) (Notes) and 4.02(g) (Subsequent Legal Opinions) (if required), no later than two (2) Business Days prior to the proposed date for such Disbursement). For the avoidance of doubt, it is hereby understood and agreed that each Senior Lender will make its own independent judgment as to whether all conditions to Disbursement under this Agreement and its Senior Loan Agreement have been fulfilled prior to making the relevant Disbursement.
Conditions of All Disbursements. The obligation of IFC to make any Loan, including the first Loan, is also subject to the conditions that:
Conditions of All Disbursements. The obligation of IPC to make any Disbursement, including the first Disbursement, is also subject to the conditions that:
Conditions of All Disbursements. The obligation of IFC to make any Disbursement, including the first Disbursement of the Tranche 1 Loans and the Tranche 2 Loans, is also subject to the conditions that:
Conditions of All Disbursements. IFC is not obligated to make any Disbursement, including the first Disbursement, unless and until the following conditions have been met:
Conditions of All Disbursements. The obligation of BANK NAME to make any Disbursement, including the first Disbursement, is also subject to the conditions that: [( ) insert any specific environmental or social requirements to be satisfied prior to each Disbursement]. 1 Note this is the agreement between the Bank and its client
