IFC Subscription definition
Examples of IFC Subscription in a sentence
The Company acknowledges that it has made the representations and warranties in Section 6.01 (Representations and Warranties), with the intention of inducing IFC to enter into this Agreement and each of the other Transaction Documents to which it is a party and to make the IFC Subscription and that IFC has entered into this Agreement and each of the other Transaction Documents to which it is a party and made the IFC Subscription on the basis of and in full reliance on such representations and warranties.
By an investment agreement of even date herewith among IFC and the Co-Borrowers (the "Investment Agreement"), IFC has agreed to (i) extend a loan to the Co-Borrowers in the aggregate principal amount of up to forty million Dollars ($40,000,000) (the "Loan"), in the form of an A Loan of up to fifteen million Dollars ($15,000,000), and a B loan of up to twenty-five million Dollars ($25,000,000) and (ii) make the IFC Subscription, upon the terms and conditions set forth in the Investment Agreement.
The obligation of IFC to make the initial Disbursement of the IFC Loans or the initial subscription and disbursement under the IFC Subscription shall be subject to the fulfillment, in a manner satisfactory to IFC, prior to or concurrently with the making of such initial Disbursement or subscription and disbursement of the IFC Subscription, of the conditions set forth in Section 3.1 of the General Conditions.
Panda of Nepal shall pay such Initial Share Amount in full prior to the initial Disbursements under the Investment Agreement and prior to the initial subscription and disbursement under the IFC Subscription.
Conditions of all Disbursements and subscription and disbursement under the IFC Subscription ...................................39 Section 6.03.
At least ten (10) days prior to the date of the proposed IFC Subscription or payment, the Company shall have delivered to IFC a subscription request, in the form of Schedule 1 and in substance satisfactory to IFC containing, inter alia, certifications with respect to the foregoing conditions, signed by an Authorized Representative and expressed to be effective as of the date of the relevant IFC Subscription and/or payment.
The representations referred to in Section 5.1 hereof shall survive the execution and delivery of this Agreement, any Disbursement of the IFC Loans or any subscription and disbursement under the IFC Subscription.
Subscription and Disbursement 17 Section 4.2 Actions Prohibited until IFC Shares Issued 18 Section 4.3 Suspension and Cancellation of IFC Subscription 19 Section 4.4 Agreement to Cooperate.