Examples of IFC Investment Agreement in a sentence
In particular and as defined in Schedule A to the IFC Investment Agreement, the term "Participants" means the Participant and the other participants in the B Loan (or their successors and assignees) and the term "Participations" means the Relevant Participation and the participations of the other Participants in the B Loan.
IFC shall also pay to the Participant (but only proportionately out of amounts received by IFC by way of the commitment fee for the B Loan pursuant to Section 3.4(a)(i)(B) of the Special Conditions of the IFC Investment Agreement) a commitment fee at the rate of one-half of one percent (0.5%) per annum on so much of the Relevant Participation as from time to time remains unremitted by the Participant.
Pursuant to an investment agreement (herein called the "IFC Investment Agreement") dated as of the Closing Date, between Bhote Koshi Power Company Private Limited (herein called the "Company") and IFC, IFC has agreed to make a loan (the "Loan") to the Company, the Loan being composed of two portions (the "A Loan" and the "B Loan", respectively), in the amounts, for the purpose and on the terms and conditions set forth in the IFC Investment Agreement.
IFC shall exercise the same care in the administration and enforcement of rights under or in relation to the IFC Investment Agreement and the Project Funds Agreement so far as the B Loan is concerned as it exercises with respect to the A Loan or any other loans which are for its own account.
If IFC should receive less than the full amount then due and payable to IFC under the IFC Investment Agreement, then notwithstanding any of the other provisions of this Agreement, IFC shall (unless it is prevented by applicable law or by the order of a court of competent jurisdiction) apply and allocate such amounts between the A Loan and the B Loan and among the various Participants as set forth in Sections 3.2 and 3.3 below and in accordance with the Trust and Retention Agreement.
IFC shall deliver to the Participant as promptly as practicable copies of (a) all financial statements and Project progress reports received by IFC from the Company in accordance with the IFC Investment Agreement and (b) such other periodic reports and certificates as IFC may receive from the Company under the IFC Investment Agreement.
With regard to amounts payable by the Company pursuant to Section 3.16 of the Special Conditions of the IFC Investment Agreement, IFC shall pay to the Participant (but only out of any amounts received by IFC thereunder) such amounts as are attributable to the Relevant Participation.
IFC shall also pay to the Participant (but only proportionately out of the amounts received by IFC pursuant to Section 3.4(a)(ii)(B) of the Special Conditions of the IFC Investment Agreement) a front-end fee of one percent (1%) of the amount of the Relevant Participation.
IFC shall consult with the Participants before agreeing to any amendment or granting any waiver or consent with respect to any of the covenants contained in Articles 5 and 6 of the General Conditions of the IFC Investment Agreement or Article 7 of the Special Conditions of the IFC Investment Agreement, if such amendment, waiver or consent would, in the reasonable opinion of IFC, materially and adversely affect the interests of the Participants (as Participants).
DEG is willing to provide financing for the power plant, pursuant to that certain DEG Investment Agreement dated as of the Closing Date between the Company and DEG (the "DEG Investment Agreement," and together with the IFC Investment Agreement, the "Investment Agreement"), but only if the Pledgor shall pledge its shares pursuant to this Agreement.