Sentence examples for declare a default from inspiring English sources
It also said that its failure to meet a $28 million call caused one lender to declare a default, and that more failures could materially hurt its ability to operate normally.
But the contortions have begun to make sure that a default rating would not cause chaos.The ECB itself has been hinting that all of the main agencies (Fitch is the other biggie) would have to declare a default before it would stop accepting Greek bonds as collateral.
Abusive practices in this regard are limitations on a trustee to declare a default or foreclose on the project assets.
As far as commercial loans are concerned, lenders have been hoping that something will happen to avoid their being required to either foreclose or declare a default.
"You can run into a situation where the trustee has actual knowledge that the developer is absconding with the money, and it doesn't declare a default," says David Guin, a Birmingham, Ala.
Can that be done without the rating agencies declaring a default?
He immediately declared a default on the country's $132 billion debt, promising to use the money saved to create jobs and fortify social programs.
If that scheme is likely to be to be declared a default anyway, the German-led core decided, they might as well revert to a previous German proposal to swap maturing debt for new seven-year pledges, also resulting in default.
That argument has put Germany — which is seeking a substantial role for private investors — at odds with the European Central Bank, which wants to avoid the risk of a new Greek bailout being declared a default, thereby spreading further alarm in the market.
Interim President Adolfo RODRIGUEZ SAA declared a default - at the time the largest ever - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office.
Interim President Adolfo RODRIGUEZ SAA declared a default - the largest in history - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office.
