Payment Failure. If the Republic of Yemen has failed to make payment (notwithstanding the fact that such payment may have been made by a third-party) of principal, interest, service charges or any other amount due to the Association or the International Bank for Reconstruction and Development (“Bank”): (i) under any agreement between the Republic of Yemen and the Association or the Bank; or (ii) in consequence of any guarantee extended or other financial obligation of any kind assumed by the Association or the Bank to any third-party with the agreement of the Republic of Yemen.”
Appears in 3 contracts
Sources: Financing Agreement, Financing Agreement, Financing Agreement
Payment Failure. If the Republic of Yemen has failed to make payment (notwithstanding the fact that such payment may have been made by a third-third party) of principal, interest, service charges or any other amount due to the Association or the International Bank for Reconstruction and Development (“Bank”): (i) under any agreement between the Republic of Yemen and the Association or the Bank; or (ii) in consequence of any guarantee extended or other financial obligation of any kind assumed by the Association or the Bank to any third-third party with the agreement of the Republic of Yemen.”
Appears in 2 contracts
Sources: Financing Agreement, Financing Agreement
Payment Failure. If the Republic of Yemen has failed to make payment (notwithstanding the fact that such payment may have been made by a third-third party) of principal, interest, service charges or any other amount due to the Association or the International Bank for Reconstruction and Development (“Bank”): ):
(i) under any agreement between the Republic of Yemen and the Association or the Bank; or (ii) in consequence of any guarantee extended or other financial obligation of any kind assumed by the Association or the Bank to any third-third party with the agreement of the Republic of Yemen.”
Appears in 1 contract
Sources: Financing Agreement
Payment Failure. If the Republic of Yemen has failed to make payment (notwithstanding the fact that such payment may have been made by a third-third party) of principal, interest, service charges or any other amount due to the Association or the International Bank for Reconstruction and Development (“Bank”): (i) under any agreement between the Republic of Yemen and the Association or the Bank; or (ii) in consequence of any guarantee extended or other financial obligation of any kind assumed by the Association or the Bank to any third-party with the agreement of the Republic of Yemen.”):
Appears in 1 contract
Sources: Financing Agreement