Conditions for IFC Benefit Clause Samples
The 'Conditions for IFC Benefit' clause defines the specific requirements that must be met for a party to receive benefits or advantages from the International Finance Corporation (IFC) under an agreement. Typically, this clause outlines prerequisites such as compliance with certain performance standards, submission of required documentation, or achievement of project milestones before any benefits are conferred. By clearly stating these conditions, the clause ensures that benefits are only granted when agreed-upon criteria are satisfied, thereby managing expectations and reducing the risk of disputes over entitlement.
Conditions for IFC Benefit. The conditions in Section 5.01 through Section 5.03 are for the benefit of IFC and may be waived only by IFC in its sole discretion.
Conditions for IFC Benefit. The conditions in Section 4.01 (Conditions of First Disbursement) through Section 4.03 (Borrower’s Certification) are for the benefit of IFC and may be waived only by IFC in its sole discretion.
Conditions for IFC Benefit. The conditions in this Article IV (Conditions Precedent to Disbursement) are for the benefit of IFC and may be waived only by IFC in its sole discretion.
Conditions for IFC Benefit. The conditions in Section 4 (Conditions Precedent) of the Common Terms Agreement and in this Article III are for the benefit of IFC and may be waived only by IFC in its sole discretion.