Common use of Unwinding Costs Clause in Contracts

Unwinding Costs. (a) If IFC incurs any cost, expense or loss as a result of the Borrower: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 3.02 (Disbursement Procedure), or to prepay in accordance with a notice of prepayment; or (ii) prepaying all or any portion of the Loan on a date other than an Interest Payment Date; then the Borrower shall immediately pay to IFC the amount which IFC from time to time notifies to the Borrower as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, “costs, expenses or losses” include any premium, penalty or expense incurred to liquidate or obtain third party deposits or borrowings in order to make, maintain or fund all or any part of the Loan.

Appears in 1 contract

Samples: Loan Agreement (Glamis Gold LTD)

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Unwinding Costs. (a) If IFC incurs any cost, expense or loss as a result of the Borrower: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 3.02 2.02 (Disbursement Procedure), or to prepay in accordance with a notice of prepayment; or (ii) prepaying all or any portion of the C Loan on a date other than an a C Loan Interest Payment Date; then the Borrower shall immediately pay to IFC the amount which IFC from time to time notifies to the Borrower as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, "costs, expenses or losses" include any premium, penalty or expense incurred to liquidate or obtain third party deposits or borrowings in order to make, maintain or fund all or any part of the C Loan.

Appears in 1 contract

Samples: C Loan Agreement (Bema Gold Corp /Can/)

Unwinding Costs. (a) If IFC or any Participant incurs any cost, expense or loss as a result of the Borrower: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 3.02 (Disbursement Procedure), or to prepay in accordance with a notice of prepayment; or (ii) prepaying all or any portion of the IFC Loan on a date other than an Interest Payment Date; then the Borrower shall immediately pay to IFC the amount which IFC from time to time notifies to the Borrower as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, "costs, expenses or losses" include any premium, penalty or expense incurred to liquidate or obtain third party deposits or borrowings in order to make, maintain or fund all or any part of the IFC Loan.

Appears in 1 contract

Samples: Loan Agreement (Genesee & Wyoming Inc)

Unwinding Costs. (a) If IFC incurs any cost, expense or loss as a result of the Borrower: (i) failing to borrow in accordance with a request for Disbursement a Loan made pursuant to Section 3.02 (Disbursement Loan Procedure), or to prepay in accordance with a notice of prepaymentprepayment or pursuant to Section 3.06 (b); or (ii) prepaying all or any portion of the Loan on a date other than an Interest Payment DateLoans; then the Borrower shall immediately pay to IFC the amount which IFC from time to time notifies to the Borrower as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, “costs, expenses or losses” include any premium, penalty or expense incurred to liquidate or obtain third party deposits or borrowings in order to make, maintain or fund all or any part of the LoanLoans.

Appears in 1 contract

Samples: Loan Agreement (Vaalco Energy Inc /De/)

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Unwinding Costs. (a) If IFC or any Participant incurs any cost, expense or loss as a result of the Borrower:. (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 3.02 (Disbursement Procedure), or to prepay in accordance with a notice of prepayment; or (ii) prepaying all or any portion of the Loan on a date other than an Interest Payment Date; then the Borrower shall immediately pay to IFC the amount which IFC from time to time notifies to the Borrower as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, “costs, expenses or losses” include any premium, penalty or expense incurred to liquidate or obtain third party deposits or borrowings in order to make, maintain or fund all or any part of the Loan.

Appears in 1 contract

Samples: Loan Agreement (Cascal B.V.)

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