When the city of Springfield, Mass., defaulted on a contract to supply power to LG&E, the utility was forced to pay high spot market rates for enough power to deliver to the Oglethorpe Power Company of Georgia.
Trump, who has said his criticism was directed against US policymakers, not the Mexican people or its government, stated on Thursday that Univision would be defaulting on an ironclad contract if it doesn't air the pageants.
The Central Bank of Kuwait halted trading in Gulf Bank, one of the country's largest lenders, after a customer defaulted on a derivatives contract.
On Sunday, Kuwait suspended trading in shares of its second largest bank, Gulf Bank, after a customer defaulted on a derivatives contract costing the bank hundreds of millions of dollars.
Starrtel Cellular Group, recently accused of defaulting on a $2.2 million state loan, has reportedly breached three other loan contracts with a Hartford nonprofit agency.
Ketan Somaia, Dolphin's Kenyan boss and majority shareholder, it turned out, has declined to appear before Kenya's public accounts committee as part of an investigation into a company which Mr Somaia had represented as an agent and which had defaulted on an arms contract.
It's a complicated mess for Charles Rogers, who has encountered serious financial trouble and was ordered to re-pay the Lions $6.1 million for defaulting on his contract.
They're able to get low-cost loans to build their projects because lenders see little to no risk of a utility defaulting on those contracts.
This article studies rules of "damage measures" that determine how much money must be paid by a party who defaults on a contract to the other party to the contract.
Defaulting on the Mistral contract could, at the most extreme, be such a severe blow that it would sink the entire French shipbuilding industrial base.
