Sentence examples similar to constitutes an event of default from inspiring English sources

Failure to pay "shall constitute an event of default under the operating agreement," the company stated.

when an Event of Default or "Material Even of Default" is continuing.

Following an event of default known by or disclosed to the IRS, the IRS will deliver to the participating FFI a notice of default specifying the event of default.

U.S. Bank has not declared an event of default, but Beazer said it has threatened the company with a default.

In an event of a default, the city would seize ownership of the casino.

The ISDA gets to decide whether the deal to cut Greece's debt constitutes a "credit event" – effectively a default.

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.

More questions...[www.OwnerFinanceDisclosures.com] Establish a plan in the event of default, foreclosure or forfeiture of the home.

All of this constitutes a major event for at least three reasons.

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.

Arrears on such obligations would not constitute a default event from a sovereign rating perspective but very likely prompt a downgrade even as debt obligations continued to be met," Fitch wrote.