Common Contracts
1 similar null contracts
Please note that, from the 1st of January 2023, this is Microfinance Ireland’s (MFI) standard Terms and Conditions for all borrowing entities.January 3rd, 2023
Microfinance Ireland (“MFI”) shall not be obliged to advance the Loan unless the following conditions are satisfied by the date on which the Loan is to be drawn PROVIDED that should MFI agree that the Loan may be drawn notwithstanding that all of the Conditions Precedent have not been satisfied, the obligation to satisfy the outstanding Condition(s) Precedent shall continue unless MFI gives a written waiver of the requirement. The Borrower agrees that each such conditions precedent is for the benefit of MFI only and each is a separate and distinct condition precedent, and satisfaction by the Borrower of any condition precedent may be waived in the absolute discretion of MFI, with or without conditions.
