Conditions of First Disbursement. The obligation of IFC to make the first Disbursement is subject to the fulfillment prior to or concurrently with the making of that first Disbursement of the following conditions:
Conditions of First Disbursement. The obligation of the Lenders to make the first Disbursement is subject to the fulfillment, in form and substance satisfactory to the Lenders, prior to delivery of the relevant Disbursement Request (or, in the case of the conditions set forth in Section 4.02(n) (Notes) and Section 4.01(f) (Legal Opinions) of the Common Terms Agreement, no later than two (2) Business Days prior to the proposed date for the first Disbursement) of the conditions set forth in Section 4.01 (Conditions of First Disbursement) and Section 4.02 (Conditions of All Disbursements) of the Common Terms Agreement and Section 3.03 (Conditions of All Disbursements).
Conditions of First Disbursement. Subject to the terms and conditions of the Agreement, Ontario will disburse to the Recipient the Annual Cap for Fiscal Year 1 upon the Recipi- ent’s completion, by no later than, September 30, 2020, of the following conditions precedent completed to the satisfaction of Ontario:
Conditions of First Disbursement. IFC is not obligated to make the first Disbursement unless and until the following conditions have been met: (a)
Conditions of First Disbursement. The obligation of the Lenders to make the first Disbursement under this Agreement shall be subject to the performance by the Company of all its obligations theretofore to be performed under this Agreement and to the fulfilment, in a manner satisfactory to the Agent (acting reasonably), prior to or concurrently with the making of such first Disbursement, of the following further conditions:
(a) the following agreements, each in form and substance satisfactory to the Agent, shall have been entered into between the respective parties thereto (if they have not already been entered into), shall have become (or, as the case may be, shall remain) unconditional and fully effective in accordance with their respective terms (except for this Agreement having become unconditional and fully effective, if that is a condition of any of such agreements) and to the extent the Agent is not a party to any such agreement, it shall have received a certified copy thereof:
(1) a Project Support Agreement among the Agent, the Initial Lender, the Company and UPC, whereby UPC shall inter alia undertake the following (or, where applicable, UPC shall procure the following):
(i) UPC shall irrevocably and in a manner satisfactory to the Agent either make an equity contribution at par and for ordinary share capital to the Company of NLG 95,000,000 (ninety-five million Netherlands Guilders) or cause such equity contribution to be made by any of its Subsidiaries;
(ii) no change will be made to the Company's Charter nor shall the Company be liquidated, without the prior written consent of the Agent;
(iii) UPC will not reduce its direct or indirect voting rights below 51% (fifty-one per cent) or discontinue to be a direct or indirect shareholder of the Company without the prior written consent of the Agent, such consent not to be unreasonably withheld, provided that the pledge and grant of a security interest by Belmarken Holding N.V. in its shareholding in Cable Networks Netherlands Holding B.V. (the "INTEREST"), and (in certain circumstances) the transfer of voting rights attached to the Interest, as a part of a financing arrangement with The Toronto Dominion Bank (acting for itself and on behalf of a syndicate of banks) will be permitted;
(iv) UPC will not require or accept the payment of dividends, capital distributions or any other distributions by or on behalf of the Company which are violating Section 5.02;
(v) UPC and/or the company which shall, at any time, be the direct shareholde...
Conditions of First Disbursement. The obligation of the Bank tO make the first Disbursement of the Loan shall be subject to the performance by the Company of all its obligations theretofore to be performed under this Agreement and to the fulfilment, in form and substance satisfactory to the Bank, prior to or concurrently with the making of such first Disbursement, of the following further conditions:
Conditions of First Disbursement. Unless OPIC otherwise agrees in writing, the obligation of OPIC to deliver Issuing Instructions to the Paying Agent and to authorize the making of the first Disbursement of the Loan shall be subject to the performance by the Company of all its obligations theretofore to be performed under this Agreement and to the fulfillment, in form and substance satisfactory to OPIC in its sole discretion, prior to or concurrently with the making of such first Disbursement, of the following conditions and their continued fulfillment on the date of the first Disbursement:
Conditions of First Disbursement. The obligation of the Senior Lenders to make the first Disbursement is subject to the fulfillment, in form and substance satisfactory to the Senior Lenders, prior to delivery of the relevant Disbursement Request (or, in the case of the conditions set forth in Section 4.02(n) (Notes) and Section 4.01(f) (Legal Opinions), no later than two (2) Business Days prior to the proposed date for the first Disbursement) of the following conditions:
Conditions of First Disbursement. The obligation of IFC to make the first Loan is subject to the fulfillment prior to or concurrently with the making of that first Loan of the following conditions:
Conditions of First Disbursement. The Company may not deliver the first Drawdown Request unless each of the Lenders and Participants has notified the Global Agent that:
