Payment Failure. The Recipient has failed to make payment of principal or interest or any other amount due to IBRD or XXX: (i) under any agreement between IBRD and the Recipient; or (ii) under any agreement between the Recipient and XXX; or (iii) in consequence of any guarantee extended or financial obligation of any kind assumed by IBRD or XXX to any third party with the agreement of the Recipient.
Appears in 4 contracts
Samples: Global Environment Facility Grant Agreement, Grant Agreement, Grant Agreement
Payment Failure. The Recipient has failed to make payment (notwithstanding the fact that such payment may have been made by a third party) of principal or interest principal, interest, service charges, or any other amount due to IBRD XXX or XXXIBRD: (i) under any agreement between IBRD the Recipient and the RecipientXXX; or (ii) under any agreement between the Recipient and XXXIBRD; or and (iii) in consequence of any guarantee extended or other financial obligation of any kind assumed by XXX or IBRD or XXX to any third party with the agreement of the Recipient.
Appears in 2 contracts
Samples: Environment Facility Grant Agreement, Facility Grant Agreement
