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Event of Default; Application for Compensation; payment.
(2)Notice of event of default.
§ 615.5280 Retirement in event of default.
(3)Remediation of event of default.
22 CFR § 232.08 - Event of Default; Application for Compensation; payment.
§ 232.08 Event of Default; Application for Compensation; payment.
Failure to pay "shall constitute an event of default under the operating agreement," the company stated.
That can be overcome through cash settlements in the event of default.
when an Event of Default or "Material Even of Default" is continuing.
Jean-Pierre Durante, at Pictet Wealth Management, comments: Even in the event of default, Grexit should be avoided.
Following an event of default known by or disclosed to the IRS, the IRS will deliver to the participating FFI a notice of default specifying the event of default.
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