In October, Governor Rowland declared Envirotest in default of the $2.2 million contract, citing several problems, including the arrest of seven employees on bribery charges.
Any state government that fails to pay those pensions in full are in default on the contracts.
On February 2 , 2004 the government delivered notice to 407 ETR that they are considered to be in default of their contract because of 407 ETR's decision to raise toll rates without first obtaining provincial clearance.
In 2009-2010, Wyoming's new computer testing program failed and the state demanded that Pearson repay $9.5 million for "complete default of the contract". In 2010, Florida test scores were delayed by more than a month and Pearson agreed to pay nearly $15 million in fines and in 2011 writing exams delivered to Florida school districts without cover sheets exposed topics on the test in advance.
He says Univision is in default of a five-year contract.
For a loan contract, potential states might include: initially delivered; principal disbursed; maturity reached; repayment not duly made; notice of default given; in default, etc. Reducing the contract to these pieces increases computability and the ability to leverage existing tools in other disciplines to measure and understand contractual relationships.
The suspension frees the Atlanta Falcons to pursue, before an arbitrator, a portion of Vick's $37 million signing bonus because he is now in default of his 10-year, $130 million contract, one of the league's richest.
KBC claimed that the WMATA was in technical default of a contract following the collapse of AIG, which had guaranteed the loan that KBC made to WMATA in 2002.
The company attributed those losses in part to cost overruns on some contracts and lower-than-expected profits on other contracts, and said they had created a cash-flow crisis and put it in default of debt agreements.
