Conditions of All Disbursements Clause Samples

Conditions of All Disbursements. The obligation of IFC to make any Disbursement is also subject to the conditions that: (a) the Debt to Equity Ratio does not exceed 50:50; (b) the Life of Loan Cover Ratio exceeds 1.6; (c) no Event of Default and no Potential Event of Default has occurred and is continuing; (d) the proceeds of such Disbursement are not in reimbursement of, or to be used for, expenditures in the territories of any country which is not a member of IFC or the World Bank or for goods produced in or services supplied from any such country; but are, at the date of the relevant request, needed by the Company for the purpose of the Project, or will be needed for that purpose within three (3) months of such date and shall be spent only in countries which are members of the World Bank; (e) since the date of this Agreement nothing has occurred which can reasonably be expected to materially and adversely affect the carrying out of the Project or the Company's business prospects or financial condition or make it improbable that the Company will be able to observe or perform any of its obligations under this Agreement; (f) since the date of this Agreement the Company has not incurred any material loss or liability (except such liabilities as may be incurred in accordance with Section 6.02); and (g) the representations and warranties made in Article V are true on and as of the date of that Disbursement with the same effect as if such representations and warranties had been made on and as of the date of that Disbursement (but in the case of Section 5.01 (c), without the words in parenthesis). (h) all fees due and payable under Section 3.08 shall have been paid in full.

Conditions of All Disbursements. The obligation of IDB to make any Disbursement of the Loan (including, except where otherwise stated, the first Disbursement) is also subject to the fulfillment, in a manner satisfactory to IDB, of the following conditions:

Conditions of All Disbursements. The obligation of the Lenders to make any Disbursement, including the first Disbursement, is subject to each such Lender being satisfied that the conditions set forth in Section 4.02 of the Common Terms Agreement (and, in case of the first Disbursement, in Section 4.01 (Conditions of First Disbursement) of the Common Terms Agreement), Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, and the conditions set forth below, have been either fulfilled or waived by such Lender, as the case may be, prior to delivery of the Disbursement Request (or, in the case of the conditions set forth in Sections 4.02(n) (Notes) and 4.02(g) (Subsequent Legal Opinions) of the Common Terms Agreement (if required), no later than two (2) Business Days prior to the proposed date for such Disbursement): (a) The proceeds of that Disbursement are not in reimbursement of, or to be used for, expenditures in the territories of any country that is not an IIC Member or an IDB Member for goods produced in or services supplied from any such country. (b) Notwithstanding any other provision of this Agreement or the Common Terms Agreement, the Lenders are not obliged to make: (i) any Disbursement, except pro rata with the Disbursement of each of the other Senior Loans; and (ii) any Disbursement, except pro rata from the IIC A Loan, the IDB A Loan and the C2F Loan.

Conditions of All Disbursements. The obligation of the Senior Lenders to make any Disbursement, including the first Disbursement, is subject to each such Senior Lender being satisfied that the conditions set forth below in this Section 4.02 (and, in case of the first Disbursement, in Section 4.01 (Conditions of First Disbursement)) and in such Senior Lender’s Loan Agreement have been either fulfilled or waived by such Senior Lender, as the case may be, prior to delivery of the Disbursement Request (or, in the case of the conditions set forth in Sections 4.02(n)(Notes) and 4.02(g) (Subsequent Legal Opinions) (if required), no later than two (2) Business Days prior to the proposed date for such Disbursement). For the avoidance of doubt, it is hereby understood and agreed that each Senior Lender will make its own independent judgment as to whether all conditions to Disbursement under this Agreement and its Senior Loan Agreement have been fulfilled prior to making the relevant Disbursement.

Conditions of All Disbursements. The obligation of DEG to make any Disbursement, including the first Disbursement, is also subject to the conditions that:

Conditions of All Disbursements. The obligation of IFC to make any Loan, including the first Loan, is also subject to the conditions that:

Conditions of All Disbursements. The conditions set out in Section 5.2 (Additional Conditions Precedent to each Borrowing Date) of the Syndicated Credit Agreement shall be incorporated and are deemed to have been incorporated herein, mutatis mutandis, for the benefit of IFC as if set out in this Agreement in full, as conditions precedent to IFC’s obligation to any Disbursement hereunder, including the first Disbursement, each to be fulfilled at least 7 Business Days prior to, and remain fulfilled as of, the making of such Disbursement. Without limiting the foregoing, the obligation of IFC to make any Disbursment huereunder, including the first Disbursement, is further subject to the fulfillment of the following conditions, each to be fulfilled at least 7 Business Days prior to, and remain fulfilled as of, the making of such Disbursement (except with respect to subsection (b) below and to the extent indicated in subsection (d) below):

Conditions of All Disbursements. The obligation of IPC to make any Disbursement, including the first Disbursement, is also subject to the conditions that:

Conditions of All Disbursements. The obligation of BANK NAME to make any Disbursement, including the first Disbursement, is also subject to the conditions that: [( ) insert any specific environmental or social requirements to be satisfied prior to each Disbursement]. 1 Note this is the agreement between the Bank and its client