IFC Facility definition

IFC Facility has the meaning given to it in paragraph (A) of clause 3.4 (IFC as Additional Lender) of this Agreement.
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IFC Facility means the facility through which the IFC shall provide its IFC Commitment and which will apply from the Effective Date to all Loans transferred to the IFC hereunder.
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IFC Facility has the meaning given to it in paragraph (A) of clause 3.4 (IFC as Additional Lender).
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Examples of IFC Facility in a sentence

  • The Borrower will make payments of all amounts due to IFC under the Finance Documents directly to the account number specified in Clause 10.1 (Accounts) of the IFC Facility Agreement, and IFC will make any payments to the Borrower, without requiring payment through the offices of the Facility Agent.

  • The Borrower shall apply all amounts borrowed under the IFC Facility in accordance with Clause 5 (Purpose) of the Facility Agreement, which shall include an amount applied for a purpose which is in respect of Ghana-related Assets.

  • IFC may transfer the IFC Facility Commitment or its participation, in part or in whole, to any institution that is a Qualifying Bank without the prior consent of the Borrower.

  • A sum equal to at least the sum of all amounts drawn down under the IFC Facility shall be applied for purposes in respect of Ghana-related Assets under the Facility.

  • This is a Utilisation Request in respect of a Utilisation under the IFC Facility.

  • The IFC Facility may not be utilised by way of the issue of Letters of Credit and under no circumstances will IFC be required to act or be appointed to act as an LC Issuing Bank.

  • The provisions of Clause 10 (Prepayment and Cancellation) of the Facility Agreement shall apply in respect of any prepayment or cancellation of the IFC Facility provided that, if requested by IFC, the Borrower delivers to IFC, prior to the date of any such prepayment or cancellation, evidence in form and substance satisfactory to IFC that all necessary Authorisations with respect to the prepayment have been obtained.

  • R.L.] hereby acknowledge receipt on the date hereof, of the sum of ( ) disbursed to us by International Finance Corporation (“IFC”) under the IFC Facility of fifteen million Dollars (US$15,000,000) provided for in the Loan Agreement dated as of August 15, 2008 between our company and IFC.

  • If the Unit Operator’s IFC Facility Agreement is or becomes inactive, Kosmos will continue to submit an AMR also covering the Jubilee project as part of the reporting covenants of its IFC Facility Agreements as long as there remain amounts outstanding under the IFC Facilities, provided, however, that Kosmos shall only be under a Reasonable Endeavors obligation, as defined in the Facility Agreement to obtain the information to complete the AMR.

  • Clause 1 (Definitions and Interpretation), Clause 2 (Effective Date), Clause 6(A) (IFC Facility), Clause 9 (Miscellaneous) and Clause 10 (Governing Law) are effective on and from the date of this Deed.


More Definitions of IFC Facility

IFC Facility means the facility described in Clause 3.1(A)(ii) and provided by the IFC in accordance with the terms of the IFC Facility Agreement and this Agreement.”
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IFC Facility means the facility described in Clause 3.1(A)(ii) and provided by the IFC in accordance with the terms of the IFC Facility Agreement and this Agreement."
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IFC Facility means the revolving loan facility to be made available by IFC to the Borrowers in an aggregate amount not exceeding US $15,000,000 in accordance with the terms of, and subject to the conditions of, this Agreement and the IFC Loan Agreement.
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Related to IFC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • LC Facility and together with the Credit Facility, the “Debt Facilities”). Immediately following the consummation of the transactions contemplated hereby, the Company will be in compliance in all material respects with the covenants set forth in the Debt Facilities. Immediately following the repayment of any Consideration as required under Section 9.7(b)(iii)(D) of the Credit Facility, the Company will be able to redraw amounts equal to at least such Consideration.

  • Public facility means 1 or more of the following:

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Borrower as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.