Conditions of Second Disbursement Sample Clauses

Conditions of Second Disbursement. (a) In addition to the conditions set out in Clause 4.2 (Conditions of Each Disbursement), the Company may not deliver the second Drawdown Request unless the Global Agent shall have received in form and substance satisfactory to the Lenders and the Participants: (i) financial statements and other information for the Company for its Financial Year ended 31 December 2008 in accordance with Clauses 16.1(b) (Annual Information) and 16.2 (Requirements as to Financial Statements); and (ii) a Project Costs Report in respect of Project Costs incurred in the period up to Financial Close countersigned by the Lenders’ Engineer in the form set out therein, in relation to Project Costs. (b) Each Lender and Participant shall notify the Global Agent as soon as reasonably practicable of its determination of satisfaction under Clause 4.3(a) (Conditions of Second Disbursement).
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Conditions of Second Disbursement. The obligation of IFC to make the second Disbursement of the Loan is also subject to the condition that IFC has received evidence in form and substance satisfactory to it of: (a) the registration of the Mortgage Agreement with the Real Estate Public Registry of Peru (Registro de Predios); (b) the registration of the Asset Pledge Agreement with the Contracts Public Registry (Registro Mobiliario de Contratos); and (c) the registration of Share Pledge Agreement in the file corresponding to the Borrower at the Corporations Public Registry (Registro de Personas Jurídicas), in each case, such that the IFC Security created pursuant thereto is duly perfected as first ranking security interest in all assets and rights subject to such Security Document.
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Related to Conditions of Second Disbursement

  • Conditions of Payment All services provided by the Contractor under Work Authorizations must be performed to the State’s satisfaction, as determined at the sole discretion of the State’s Authorized Representative and in accordance with all applicable federal, state, and local laws, ordinances, rules, and regulations including business registration requirements of the Office of the Secretary of State. The Contractor will not receive payment for work found by the State to be unsatisfactory or performed in violation of federal, state, or local law.

  • Conditions to Obligations of Seller The obligations of Seller to consummate the transactions contemplated by this Agreement shall be subject to fulfillment at or prior to the Closing of the following conditions (any one or more of which may be waived in whole or in part by Seller):

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of the following conditions, all or any of which may be waived, in whole or in part, by Seller.

  • Conditions Precedent to the Obligations of Seller All obligations of Seller under this Agreement are subject to the fulfillment or satisfaction, prior to or at the Closing, of each of the following conditions precedent:

  • Conditions to Obligations of Parent The obligation of Parent to effect the Merger is also subject to the satisfaction, or waiver by Parent, at or prior to the Effective Time, of the following conditions: