Conditions of First Disbursement Sample Clauses

Conditions of First Disbursement. The obligation of IFC to make the first Disbursement is subject to the fulfillment prior to or concurrently with the making of that first Disbursement of the following conditions:

Conditions of First Disbursement. The obligation of the Lenders to make the first Disbursement is subject to the fulfillment, in form and substance satisfactory to the Lenders, prior to delivery of the relevant Disbursement Request (or, in the case of the conditions set forth in Section 4.02(n) (Notes) and Section 4.01(f) (Legal Opinions) of the Common Terms Agreement, no later than two (2) Business Days prior to the proposed date for the first Disbursement) of the conditions set forth in Section 4.01 (Conditions of First Disbursement) and Section 4.02 (Conditions of All Disbursements) of the Common Terms Agreement and Section 3.03 (Conditions of All Disbursements).

Conditions of First Disbursement. The obligation of IFC to make the first Disbursement is subject to the fulfillment prior to or concurrently with the making of that first Disbursement of the following conditions: (a) the following agreements, each in form and substance satisfactory to IFC, have been entered into by all parties to them and have become (or, as the case may be, remain) unconditional and fully effective in accordance with their respective terms (except for this Agreement having become unconditional and fully effective, if that is a condition of any of those agreements), and IFC has received a copy of each of those agreements to which it is not a party: (i) each Transaction Document; and (ii) the Parallel Loan Agreement(s). (b) all contractual arrangements for implementation of the Project, at an aggregate cost not exceeding the estimated Project cost pursuant to Section 2.02 (Project Cost and Financial Plan) shall have been executed by the parties thereto; (c) the Co-Borrowers have certified to IFC that each Co-Borrower is existing and in good standing and no amendment has been made to their respective Charter since August 29, 1997 with respect to PSMT and September 6, 2000 with respect to PSPH, or if any such amendment was made, IFC has received a copy of each such Co-Borrower’s amended Charter and determined, in its reasonable judgment, that it is not inconsistent with the provisions of any Transaction Document and does not have or may not reasonably be expected to have a Material Adverse Effect; (d) the IFC Security has been duly created and perfected as first ranking security interests in all assets and rights which are the subject of the Security Documents; (e) the Co-Borrowers have obtained, and provided to IFC copies of, all Authorizations listed in Section (1) and Section (2) of Annex A (Co-Borrowers/Project Authorizations), and such other Authorizations not listed in those Sections that may become necessary for: (i) the Loan and the Parallel Loan(s); (ii) the business of the Co-Borrowers as it is contemplated to be carried on; (iii) the Project and the implementation of the Financial Plan; (iv) the due execution, delivery, validity and enforceability of, and performance by the Co-Borrowers of their obligations under, this Agreement and the other Transaction Documents and any other documents necessary or desirable to the implementation of any of those agreements or documents; and (v) the remittance to IFC or its assigns in Dollars of all monies payable with respect to...

Conditions of First Disbursement. IFC is not obligated to make the first Disbursement unless and until the following conditions have been met:

Conditions of First Disbursement. Unless OPIC otherwise agrees in writing, the obligation of OPIC to deliver Issuing Instructions to the Paying Agent and to authorize the making of the first Disbursement of the Loan shall be subject to the performance by the Company of all its obligations theretofore to be performed under this Agreement and to the fulfillment, in form and substance satisfactory to OPIC in its sole discretion, prior to or concurrently with the making of such first Disbursement, of the following conditions and their continued fulfillment on the date of the first Disbursement:

Conditions of First Disbursement. The obligation of the Bank tO make the first Disbursement of the Loan shall be subject to the performance by the Company of all its obligations theretofore to be performed under this Agreement and to the fulfilment, in form and substance satisfactory to the Bank, prior to or concurrently with the making of such first Disbursement, of the following further conditions:

Conditions of First Disbursement. The obligation of the Senior Lenders to make the first Disbursement is subject to the fulfillment, in form and substance satisfactory to the Senior Lenders, prior to delivery of the relevant Disbursement Request (or, in the case of the conditions set forth in Section 4.02(n) (Notes) and Section 4.01(f) (Legal Opinions), no later than two (2) Business Days prior to the proposed date for the first Disbursement) of the following conditions:

Conditions of First Disbursement. The conditions set out in Section 5.1 (Conditions to Closing Date) of the Syndicated Credit Agreement shall be incorporated and are deemed to have been incorporated herein, mutatis mutandis, for the benefit of IFC and in respect of the Loan as if set out in this Agreement in full, as conditions precedent to IFC’s obligation to make the first Disbursement hereunder, 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 the first Disbursement is further subject to the fulfillment of the conditions set forth in Section 4.02 (Conditions of All Disbursements) as well as the following conditions, each to be fulfilled at least 7 Business Days prior to, and remain fulfilled as of, the making of such Disbursement: (a)

Conditions of First Disbursement. The obligation of IFC to make the first Disbursement is subject to the fulfillment prior to or concurrently with the making of that first Disbursement of the following conditions: (a) the Transaction Documents and the Project Documents, each in form and substance satisfactory to IFC, have been entered into by all parties to them and have become (or, as the case may be, remain) unconditional and fully effective in accordance with their respective terms (except for this Agreement having become unconditional and fully effective, if that is a condition of any of those agreements), and IFC has received a copy of each of those agreements to which it is not a party; (b) the Borrower has certified to IFC that no amendment has been made to the Borrower’s Charter since September 2, 2002, or if any such amendment was made, IFC has received a copy of the Borrower’s amended Charter and determined, in its reasonable judgment,