Sentence examples for default on financing from inspiring English sources
Such deals typically pivot on undisclosed side letters or confidential agreements laying out terms allowing distributors to return unsold products, for example, or default on financing.
On Thursday evening Moody's downgraded the Thornburg Mortgage because of multiple defaults on financing agreements.
Responding to the protests, Wells Fargo said on Monday that Hartmarx has been in default on the financing the bank has provided since the company filed for Chapter 11 bankruptcy protection.
The General Electric Capital Corporation and Citigroup Inc. gave the United States unit of Parmalat Finanziaria, Italy's biggest food company, an extra week to file a plan to exit bankruptcy and avoid defaulting on its financing agreements.
It offered owners of several bonds issued by MBIA an extra payment of 1 percent of principal if enough of them agreed to change the bond indentures so that a default on paying structured finance claims could no longer throw the parent into bankruptcy.
Such a plan might appeal to policy makers worried about the effect of default on countries like Spain and Portugal, whose finances are also troubled, and on the European banks that have just been bailed out.
Fresh out of the Wharton School of the University of Pennsylvania, she worked on financing deals at Chemical Bank, only to watch borrowers default on their debts within months.
With international markets and banks watching Argentina closely for any sign of further deterioration in the government's already weak finances, an outright default on the World Bank loan due this week would be disastrous, and would cut the country off from its last source of credit.
Snap declined to comment on financing matters.
On Tuesday night David Cameron warned that Labour's mismanagement of the public finances meant Britain might default on its debts.
It is unlikely that a large company like Westfield would default on the loan, say people familiar with the financing of the lease.
