1.Failure to perform a task or fulfill an obligation, especially failure to meet a financial obligation:in default on a loan. 2.LawFailure of a party in a case to make a required court appearance. 3.The failure of one or more competitors or teams to participate in a contest:won the ch...
Why is '-ed' sometimes pronounced at the end of a word? Popular in Wordplay See All Top 12 Sophisticated Compliments Word of the Year 2024 | Polarization Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments ...
Defaulting on a credit card can make it challenging to obtain credit in the future. Lenders and financial institutions are less likely to approve your loan or credit applications due to your history of defaulting. This can negatively affect your ability to buy a home, finance a car, or even ...
interestat theDefault Rateaccruing from and after the date on which such amounts were returned.For avoidance of doubt, until such time as the Loan, the Mortgage Loan and the Mezzanine Loans are indefeasiblypaid in fulland satisfied, each ofthe Borrowershereby subjects and subordinates to payment...
In the majority of subscription credit facilities, a lender could be classified as a “Defaulting Lender” if certain events have occurred, including, but not limited to the following: (a) failing to fund a loan or pay other amounts due from such lender to the administrative agent or another...
Although the Government would be responsible for repaying 50% of the defaulting loan under SGS, the remaining loan would have to be written off by PLIs concerned in case of default by SMEs and hence a prudent risk assessment had to be made. legco.gov.hk 雖然根據信貸保 證計劃,政府須負責...
On the other hand, when a loan is acquired by a subsidiary, parent company, equity investor or other affiliate of the borrower, the proper legal characterization of the acquisition would be a purchase or assignment. This distinction is important for legal reasons, because the restrictions in ...