Examples of IFC Securities in a sentence
The Eligible Transferee(s) shall be entitled to exercise the rights and further assign the IFC Securities transferred to it by IFC, only if such Eligible Transferee holds one percent (1%) of the outstanding issued and paid-up share capital of the Company on a Fully Diluted Basis and twenty five percent (25%) of the IFC Securities transferred by IFC to such Eligible Transferee.
On and from the Subscription Date till such time as IFC holds any IFC Securities, the Sponsors shall (i) collectively ensure that they are the single largest shareholders or group of shareholders of the Company; and (ii) ensure that they have the ability to appoint majority of the Directors on the Board.
On and from the expiry of twenty four (24) months from the Subscription Date till such time as IFC holds any IFC Securities, the Sponsors shall hold a minimum of twenty six percent (26%) of the outstanding share capital of the Company on a Fully Diluted Basis free of all Liens.
Provided that, IFC shall not be entitled to (A) exercise its rights under Section 2.07(a) of the Shareholders’ Agreement if it does not hold one percent (1%) of the outstanding issued and paid-up share capital of the Company on a Fully Diluted Basis and twenty five percent (25%) of the IFC Securities; and (B) appoint the IFC Nominee Director in the event IFC assigns its rights under Section 2.01, Section 2.02 and Section 2.03 of the Shareholders’ Agreement to any Eligible Transferee(s).
If IFC proposes to transfer forty percent (40%) or more of the IFC Securities through a IFC Negotiated Transfer to any Eligible Transferee it shall first give notice thereof (the “RFO Notice”) to the Sponsor Representative setting forth the number of IFC Securities proposed to be transferred (the “RFO Transfer Shares”).
Source: IFC Securities and Exchange Commission (SEC) of Ghana and the International Finance Corporation (IFC), a member of the World Bank Group, on May 05th 2021 announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds.Under the agreement, IFC, will help the SEC develop guidelines for issuers and investors for green bonds in Ghana.
The Accession Instrument shall restrict the Eligible Transferee(s) from transferring the IFC Securities held by it to any of the Competitors set forth in Schedule 6 of the Shareholders' Agreement.
Upon the assignment of rights and obligations by the Eligible Transferee (in the manner set forth in Article 162 below), any assignee shall be entitled to exercise and further assign the rights transferred to it, only if such assignee holds one percent (1%) of the outstanding issued and paid-up share capital of the Company on a Fully Diluted Basis and twenty five percent (25%) of the IFC Securities transferred to such assignee.
In the event IFC proposes to transfer forty percent (40%) or more of the IFC Securities to a Person through an IFC Negotiated Transfer ( “Eligible Transferee”), IFC shall be entitled to assign to the Eligible Transferee(s) all of its rights and obligations set forth under the Transaction Documents (other than the Banking Investment Right set forth in Section 3.04(g) of the Shareholders’ Agreement).
In the event IFC proposes to transfer forty percent (40%) or more of the IFC Securities to a Person through an IFC Negotiated Transfer (“Eligible Transferee”), IFC shall be entitled to assign to the Eligible Transferee(s) all of its rights and obligations set forth under the Transaction Documents (other than the Banking Investment Right set forth in Section 3.04(g) of the Shareholders' Agreement).