Common use of Failure to Comply with Obligations Clause in Contracts

Failure to Comply with Obligations. The Borrower fails to comply with any of its obligations under this Agreement or any other Transaction Document (excluding Section 5.02(x) (Participant Sanctions Regime)) or any other agreement between the Borrower and IFC (other than for the payment of the principal of, or interest on, the Loan or any other loan from IFC to the Borrower), and any such failure continues for a period of 30 days after the date on which IFC notifies the Borrower of that failure;