Sentence examples for an event of default from inspiring English sources

Failure to pay "shall constitute an event of default under the operating agreement," the company stated.

when an Event of Default or "Material Even of Default" is continuing.

"As a result, we declared an event of default, which entitled us as prime broker to require liquidation of the account".

The security declared "an event of default" on Nov. 19, 2007, and investors soon lost hundreds of millions of dollars, the S.E.C. said, while Citigroup gained.

Again, a well-advised sponsor/borrower will want the prohibitions above to continue even if there is an event of default.

For obvious reasons, the borrower would expect this prohibition on transfers to continue even if there is an event of default which is "continuing".

In an event of a default, the city would seize ownership of the casino.

Financial Products had become one of the largest issuers of credit-default swaps, a product similar to insurance: the buyer pays the company in return for a promise of reimbursement in the event of default on a bond or other debt security.

Since the lender does not know the borrower's identity, the lender would be unable in any event to pursue his or her rights as a noteholder in the event of default...

More questions...[www.OwnerFinanceDisclosures.com] Establish a plan in the event of default, foreclosure or forfeiture of the home.

Then you must understand who your suppliers are, which suppliers may cause an unacceptable loss in the event of default, and which suppliers are single sources of essential products or services.