Sentence examples for constitutes a default under from inspiring English sources

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.

Mr. Zuckerman added, however, that since withholding maintenance charges typically constitutes a default under the proprietary lease, it would be wise for the letter writer to consult a lawyer to make sure that she is not jeopardizing her status as a tenant-shareholder.

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.

What constitutes a default?

While the IMF says Greece is "in arrears", the European Financial Stability Facility - a body established in 2010 to help resolve the eurozone crisis - says that constitutes a default.

Municipal authorities have been using debt reserve accounts to such an extent that it requires us to redefine what constitutes a default.

Beazer wants the court to declare that the delayed filing of the company’s 10-Q quarterly earning statement with the Securities and Exchange Commission “does not constitute a default” under its bond agreements, and that the delay will not allow its creditors, or “vulture investors” as it called them in its complaint, to demand accelerated repayment of its debts.

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.