Sentence examples for cure the default from inspiring English sources
§ 201.50 Lender efforts to cure the default.
"It's sort of a cat-and-mouse game," said Hal Diamond, an analyst at S.& P. "The company has 30 days to cure the default or the bondholders may choose to file the company into bankruptcy proceedings".
Notwithstanding subsection (b)(2) of this section and sections 506(b) and 1225(a)(5) of this title, if it is proposed in a plan to cure a default, the amount necessary to cure the default, shall be determined in accordance with the underlying agreement and applicable nonbankruptcy law.
If Maduro leaves office in the next few months, a new Venezuelan government will want to cure the default as quickly as possible in order to be able to raise fresh funding to get the economy going.
He cured the default, then redefaulted in 2008.
Upon the occurrence of an event of default, the IRS will deliver to a participating FFI a notice of default and will allow the FFI an opportunity to cure the event of default as described in paragraph (g) of this section.
Second, a claim or interest is unimpaired by curing the effect of a default and reinstating the original terms of an obligation when maturity was brought on or accelerated by the default.
Curing of the default and the assumption of the debt in accordance with its terms is an important reorganization technique for dealing with a particular class of claims, especially secured claims.
If the default is not cured, the investors, as members of the LLC, may end up owning the underlying real property.
UAL bonds fell sharply, too, as Standard & Poor's lowered the company's credit rating to D, reflecting what it described as "the disappearance of any realistic possibility" that the company could cure its default on about $920 million of debt.
In a nonjudicial foreclosure under the new law, Mr. Einig said, a borrower who is in default and who has ignored all opportunities to "cure" that default must be given 30 days' written notice of the lender's intent to foreclose.
