Sentence examples for default of loan from inspiring English sources

New Century said Tuesday that several other lenders had reported it's in default of loan agreements, adding that the Securities and Exchange Commission has requested documents and was starting an investigation.

Mr. Kelleher said Nortel would not be in default of loans, but it could face automatic repayment within 90 days if it did not file its financial reports, or renegotiate its loan agreements with creditors.

This practice resulted in the default of loans on the order of tens of millions in United States dollars that the International Finance Corporation (IFC) recently absorbed.

SMEs in particular provide security in form of properties (houses, the businesses, the car, and anything that could actually bring back the principal) in case of default on loans (Garrett, 2009).

Without the action, the airline would have been in default of its loan package.

In a statement, Kaupthing said creditors had pointed out that Kaupthing Singer & Friedlander's situation put the parent bank in technical default of its loan agreements.

Citi, which lent Terra Firma about $5.5 billion for the purchase, seized EMI this year when Terra Firma was in default of its loan.

Last week, it agreed to restructure the package it awarded US Airways, which would have been in default of its loan covenants without the revisions because of its sagging financial position.

Dial had warned that the loss it posted in the third quarter and the results it expected in the fourth quarter could leave it in default of the loan's terms by the end of the year.

The Nasdaq exchange is expected to delist Adelphia today, which could put it in default of other loan provisions and could force it to buy back $1.4 billion in convertible bonds in cash within 40 days.

The delisting, to take place on Monday, could put the company in default of some loan provisions, possibly requiring Adelphia to buy back $1.4 billion in convertible bonds in cash within 40 days.