Sentence examples similar to claim of default from inspiring English sources

In the current environment, companies should also seek to cultivate constructive relationships with their traditional long-term debt investors, who can be allies in the face of default claims.

The Iranian company subsequently accused Maersk of default and claimed $4m £2.6mm) as the value of the cargo.

But a unit of insurer XL Capital, which held some of ESP's junior notes, pointed to a different section of the contract, claiming that in the event of default all note holders would continue getting interest payments before dishing out any principal to BNP Paribas.

With Madeira's election nearing, opposition politicians like Maximiano Martins, the Socialist Party leader here, claim Madeira is on the brink of default.

Subsequently, they apply the BSDE approach to unilateral valuation of a collateralized European claim with bilateral default risk.

"Under current law in cases of default, a co-op's claim for unpaid maintenance takes precedence over most other claims, bank loans, personal debt, credit card debt," he said.

Dovish Representative Dennis Kucinich, zapped as leading Cleveland into bankruptcy as its mayor, gutsily claimed that default as a "badge of honor" but had to read his closing statement -- always a sign of unreadiness for prime time.

The ultimate issue on this appeal is the enforceability of a liquidated damages clause as a defense to a claim of restitution by purchasers in default on a land sale contract.

These courts gave the executive branch a choice: Either turn over the documents to the trial judge for a private assessment of the privilege claim or default on the widows' lawsuit and pay damages.

The Treasury claim that a default would be "unprecedented" is possibly overstated (There have also been various individual state defaults over the last two centuries). It is possible that the date of Aug. 2 is not etched in stone, either to make payments or for the markets to conclude the United States defaulted.

Instead, the country defaulted, claiming it could not remunerate the hold-outs without inviting a tidal wave of other claims that would immediately overwhelm its reserves.Now that the threat of default has been ineffective in forcing a settlement (until and unless a worsening economic situation brings the Argentine government back to the table), NML will seek alternative pressure points.