Examples of IFC Loans in a sentence
Each of the Lenders may transfer, assign or grant its rights hereunder in connection with an assignment or transfer of all or any part of its interest in its Commitment or the IFC Loans or the DEG Loan, as the case may be, in accordance with the Investment Agreement.
The Borrower shall repay the IFC Loans made under this Agreement subject to and in accordance with the relevant provisions of Clause 9 (Repayment) of the Facility Agreement.
In addition, if Insurance Proceeds have been paid pursuant to Section 5.3(b)(i)(B) above, and the Company (I) has not notified the Lenders promptly that it wishes to repair, restore or replace the Project or (II) has not otherwise complied with the provisions of Section 5.3(b)(i) above relative to the repair, restoration or replacement of the Project, the Lenders may choose to apply the Insurance Proceeds to prepay the Loans, pro rata between the IFC Loans and the DEG Loan, together with accrued interest.
Payments and repayments to Purchaser in respect of the Purchaser Loans shall be subordinated to payments and prepayments by the Company in respect of the Existing IFC Loans, and such subordination shall be provided for in the Purchaser Loan Agreement.
In addition, if Insurance Proceeds have been paid pursuant to clause (c)(i)(B) above and the Company (I) has not notified IFC promptly that it wishes to repair, restore or replace the Project or (II) has not otherwise complied with the provisions of clause (c)(i) above relative to the repair, restoration or replacement of the Project, IFC may choose to apply the Insurance Proceeds to prepay the IFC Loans, pro rata with prepayment of the DEG Loan, together with accrued interest.
IFC may transfer, assign or grant its rights hereunder in connection with an assignment or transfer of all or any part of its interest in its Commitment or the IFC Loans and DEG may transfer, assign or grant its rights hereinunder in connection with an assignment or transfer of all or any part of it its interest in its Commitment or the DEG Loan.
Each of the Lenders may transfer, assign or grant its rights hereunder in connection with an assignment or transfer of all or any part of its interest in its Commitment or the IFC Loans or the DEG Loan, as the case may be.
If any amount owing to IFC under this Agreement shall be collected through any process of law or shall be placed in the hands of attorneys for collection, the Company shall pay (in addition to all monies then due in respect of the IFC Loans, the IFC Shares or otherwise payable under this Agreement), professional consultant and attorneys' and other fees and expenses incurred in respect of such collection.
Purchaser shall provide to the Company the loans specified in Section 2.6 on the terms set out in the Purchaser Loan Agreement ("Purchaser Loan") for the express purpose of enabling the Company to prepay the Existing IFC Loans and to fund Purchaser's obligation to pay the Net Working Capital Reimbursement.
Unless otherwise mutually agreed, Purchaser shall have received the documentation for each of the Existing IFC Loans.