Examples of Failure to Pay in a sentence
Credit events include Bankruptcy, Failure to Pay and Restructuring.Sell = Sell Protection, the seller of protection receives the premium payments from the protection buyer.
In all other cases, USD 1,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.
Failure to Pay Fees - the requester refuses to pay applicable, established fees.
For greater certainty, an affected Contracting Party cannot exercise its voluntary right to terminate this Agreement if an Exchange Failure to Deliver, Exchange Failure to Take, Exchange Failure to Pay or Exchange Default has occurred which, with the giving of notice or the lapse of time or both, would constitute an Unremedied Exchange Default or Exchange Bankruptcy Event of Default.
In terms of design and layout the proposal reflects the character of the Trinity Meadows development which was recently approved by the Council as appropriate and whose construction is now well advanced.