Extraordinary Situation. As a result of events which have occurred after the date of the Grant Agreement, an extraordinary situation has arisen which makes it improbable that the Project can be carried out or that the Recipient will be able to perform its obligations under the Grant Agreement.
Extraordinary Situation. As a result of events which have occurred after the date of this Agreement, an extraordinary situation has arisen which makes it improbable that the Project Implementing Entity will be able to perform its obligations under the Project Agreement.
Extraordinary Situation. An event shall occur which results in a material adverse change in Borrower's financial condition or operations or an extraordinary situation shall occur which gives Lender reasonable grounds to believe that Borrower may not, or will be unable to, perform or observe in the normal course its obligations under the Loan Documents; or
Extraordinary Situation. Any extra-ordinary situation makes it improbable that the Borrower would be able to perform its obligations under the Financing Documents.
Extraordinary Situation. An extraordinary situation shall occur which gives Lender reasonable grounds to believe that Borrower may not, or will be unable to, perform or
