Sentence examples similar to significant default on contract from inspiring English sources

But a sustained debt crisis could have immense negative effects even if default on securities (as opposed to default on contracts, which would still happen en masse) is avoided.

Those expenses eventually fall on federal taxpayers because the Energy Department has defaulted on contracts it signed in the 1980s to begin accepting the wastes for burial in 1998.

After hostilities broke out on Aug. 7, transportation routes from Georgia's main Black Sea port were cut off, and dozens of importers defaulted on contracts.

The California Public Utilities Commission granted a reprieve to the plant on Thursday, preventing it from going into default on its contract with Pacific Gas & Electric and Southern California Edison.

Does he default on the contract by seeking comfort in the arms of another?

The Department of Transport had to step in and take control of the line in 2009 after National Express announced it would default on its contract.

A large number default on their contracts, forcing Bally to sign up still more sweating newcomers.

Aron said no, declared Semgroup in default on its contracts and demanded immediate payment of losses.

The agents would not have to hold any inventory and would not assume any risk that their customers would default on their contracts — Vitech assumed these risks.

Any state government that fails to pay those pensions in full are in default on the contracts.

No one says defaulting on a contract is pretty or that, in a perfectly functioning society, defaults would be the rule.