events of default in a sentence

Examples

1. A bank's main concern is to recover whatever has been lento to a borrower in the event of default.
2. RAM said in the event of default by Pengkalen Securities, noteholders would have recourse to the consortium of guarantors.
3. That action was necessary to allow the lender, Rockerfeller Center Properties, to repossess Rockefeller Center in the event of default.
4. The investors will also get increased control over the venture under various, undisclosed " covenants and events of default ."
5. However, in each case the relevant Master Agreements had not provided for automatic early termination upon an Event of Default.
6. In the past a court that imposed a fine would also impose a hypothetical sentence in the event of default.
7. Like other subordinated debt, it has claims after senior debt ( hence " subordinated " ) in the event of default.
8. Many times, the additional fees added on create an event of default allowing the mortgage servicer to foreclose on the property.
9. Chiba said the affidavit was required " to make sure there is no event of default under the loan document ."
10. They are first in line in the event of default, and loan balances are secured with assets of the borrowing corporation.