Sentence examples for constitute a default from inspiring English sources

However, this does not constitute a default.

It said the move did not constitute a default at this point.

"In our system it's very clear — a missed payment does constitute a default.

The association, however, provided guidance on Thursday that a voluntary swap would not constitute a default.

This is the committee that will likely rule that the Greek deal would not constitute a default.

"If an exchange is done in a voluntary manner that would not constitute a default," said Desmond Lachman, director of emerging markets economic research at Salomon smith Barney.

They are considered to reflect a default mode of brain function [4] and to constitute a default-mode network (DMN) [5].

This 'notice of position' constituted a default and accordingly judgment was entered against Toolco, on May 3 , 1963

The Standstill Agreement contains a cross-default provision, which provides that a default under the DIP Agreement also constitutes a default under the Standstill Agreement.

But such forced restructuring would have constituted a default and appears to have been ruled out, at least for now, after Germany backed down last week.

Many investors continued to question whether the arrangement, which was agreed to in Brussels as part of the latest rescue package for Greece, constitutes a default, thereby activating default-insurance payments.