The lessees are seeking a judgment that they are not in default of the lease.
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Greece has been in default of its debt half of the time since the end of World War II.
If he is suspended by the NFL, Vick would be considered in default of his contract, and the Falcons could try to reclaim the signing bonus.
There are less than 10 percent of the companies who are in default of their covenants, so we think the supply base is also looking much more stable.
New Century said Tuesday that several other lenders had reported it's in default of loan agreements, adding that the Securities and Exchange Commission has requested documents and was starting an investigation.
The company warned that if all resolutions were not passed at the meeting, the group would be in default of its banking facilities and it would have insufficient cash to allow it to continue to trade.
Second, as with municipal bankruptcy, a new bankruptcy law would allow states in default or in danger of default to reorganize their finances free from their union contractual obligations.
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Standardization was also a way of reprogramming life elsewhere in the default settings of the metropole.
To calculate the value of each loan in their portfolio, for example, bankers need to know three things: how much it will earn the bank if fully paid back, how likely the borrower is to default and, in the case of default, how much the bank can expect to get back.
The faction on Capitol Hill that seemed to revel in the prospect of default was, in the end, ignored and compromise was achieved, because it was simply unacceptable to responsible leaders in Washington to accept the idea that the United States would default.
This both increases the volatility of equity returns and transfers value from debt to equity in the presence of default risks but has little to do with the Modigliani-Miller theorem in which default risk plays no part.
At the same time some have proposed that Greece should temporarily enter default in a move that would bridge one episode of the crisis to a way forward despite staunch ECB opposition to any initiative that might appear in the lexicon of default.
So the money that would be paid out on the CDS contracts in the event of a Greek default is already pretty much all in the bank accounts of the people who would gain it and out of the bank accounts of the people who would lose it.
Microsoft is in hot water with big-brand advertisers over its implementation of Do-Not-Track by default in the latest iteration of its Internet Explorer browser.
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At first, these were taken out by the buyers of bonds like Soundview 2005-1 - to protect themselves in case of default.
Italy is not in danger of default and can turn itself around and the ECB's independence must be preserved at all costs.
And that the countries in the eurozone must give up some sovereignty on fiscal policy, or face a euro armageddon in case of default.
The loan guarantee acts as lenders' insurance in case of default or unforeseen delay for technologies trying to go commercial for the first time.
Both could very likely get lower interest rates from private lenders if those lenders got the promise of a part-gold payment in the event of default.
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Nearly a third of our states do not allow lenders the recourse provisions necessary to go after a borrower's personal assets in case of default on a residential mortgage.
Trimming debt only for homeowners who are behind on their mortgage payments could lead other homeowners to default in hopes of getting a break and could inflame those who believe it is unfair.
It gets even worse, Mr. Singer says, if the government ever deems a financial giant "in danger of default" a judgment that can be made without the consent of the firm or its investors.
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Battery maker A123 Systems this afternoon warned that the company expects to be in default on certain of its debt agreements effective tomorrow, and could end up filing for bankruptcy protection.
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In a way, this is natural: the Fund was established back in the 1940s precisely so that it could act, among other things, as the lender of last resort to countries in danger of default.
But a unit of insurer XL Capital, which held some of ESP's junior notes, pointed to a different section of the contract, claiming that in the event of default all note holders would continue getting interest payments before dishing out any principal to BNP Paribas.
On the other side of the coin are serial defaulters such as Greece, which according to authors Carmen Reinhart and Kenneth Rogoff has spent more than half of its existence since independence in 1829 in a state of default.
To see how this affects funding costs, look at credit default swaps, which typically assume a 40% recovery rate in the event of default.
So in the aftermath of a default, creditors would in theory have to sit still and wait over many years to find out what Greece either could or would want to pay back.
Although the nation was spared the trauma of borrowing restrictions, the actual risk of default existed solely in the minds of Washington politicians.
Financial prospects for the U.S. have deteriorated to a state where the probability of a default in the full faith and credit of the U.S. government is actually higher than a handful of top tier U.S. publicly traded corporations.
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