Sentence examples for constituted a default from inspiring English sources

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.

The agency said that because the buyback had not forced any investors to sell their bonds back — which would have constituted a default — it was raising the rating back up.

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.

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.