Sentence examples similar to constitute a default thereunder 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.

"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.

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

The mortgage contains details about the terms of the loan, the payment of escrows, and actions that could constitute a default that could lead to foreclosure.

They often fail to lay down clearly what would constitute a default for the purpose of triggering payment to holders of such derivatives.

Last month, Beazer sued U.S. Bank in federal court in Atlanta, seeking a ruling that a delay in filing its 10-Q quarterly financial report did not constitute a default on $1.3 billion of outstanding notes.

The letter calls for the Department of Education to immediately determine a way to identify when schools are improperly averting defaults, and to clarify "what default aversion policies are appropriate and what policies essentially constitute a default manipulation".

But Treasury Secretary Jacob J. Lew has said prioritizing those payments still would constitute a default because the government would not be paying all its obligations.