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.
The obligation of IFC to make the initial Disbursement of the IFC Loans or the initial subscription and disbursement under the IFC Subscription shall be subject to the fulfillment, in a manner satisfactory to IFC, prior to or concurrently with the making of such initial Disbursement or subscription and disbursement of the IFC Subscription, of the conditions set forth in Section 3.1 of the General Conditions.
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.
As soon as available but in any event within fifteen (15) days after the end of each month of each Financial Year, deliver to each of the Facility Agents a report of BPZ Exploración summarizing key testing and production data for the Corvina Field and the other Borrowing Base Assets, in the form to be agreed by the Facility Agents (acting reasonably) prior to the first Disbursement of the IFC Loans.
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.
In respect of the Initial Closing only, approval by IFC for the prepayment of the Existing IFC Loans as contemplated herein and, to the extent required, a waiver by IFC under the agreements and other documents relating to the Existing IFC Loans as necessary to enable the Selling Shareholders and the Company to consummate the Transactions contemplated hereunder shall have been obtained and shall be in full force and effect.
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.
The Borrowers shall promptly, but in any event no later than the earlier of (x) forty-five (45) days after the first Disbursement of the IFC Loans and (y) the first Disbursement under the Additional Secured Facility, deliver to the Facility Agents evidence that all revenues of the Borrowers are being paid to the Flow Trust and that any amendment to or termination of the Import Duty Contract has been recorded in the Movable Registry of Contracts (Registro Mobiliario de Contratos) in Peru.
General Partner and Partnership shall use their commercially reasonable efforts to procure that the cash and cash equivalents of the Group Companies as of June 30, 2019 will be not less than the aggregate amount then outstanding under the IFC Loans.