technical default

technical default

Default under an indenture agreement for other than nonpayment of interest or principal. For example, a borrower may fail to maintain a stipulated level of net working capital.
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This technical default would result in interest payments being diverted away from class B, which would cause that note to fail as well.
government shutdown as well as a technical default pose risks to the economy but are not expected to derail full-year growth of 2.
As a result, the party that loses by technical default is forced to appeal all the way up to the Supreme Court.
First, technical default will happen and it would be due to non-payments of two profit rates.
First, technically speaking, the technical default will happen and it would be due to non-payments of two profit rates, however the recent court verdict by UAE court means the investors cannot view it, legally speaking, as technical default.
Not only is it possible that we may need to see sovereign technical default and/or blocked Greek bank deposits in order to come to an accommodation between Greece and its official creditors, it may be necessary to do so in order to break the current impasse in negotiations.
Director-General of Khartoum Air Port, Salah Salam said in a statement to SUNA, that accident was caused by natural conditions and he denied that it was occurred due to technical default in the helicopter.
Petrobras, Brazil's state-run oil company, could be declared in technical default on some of its foreign debt if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corruption scandal.
nonpayment constitutes only a technical default, since the restructured
Over the past few months rumors have circulated that NEK is in a state of technical default and that precisely is financial problems triggered a dispute with electricity distribution companies (EDCs) over hundreds of millions of BGN it is allegedly to receive from them.
More broadly, investors looked to the US, where lawmakers ended a standoff at the 11th hour, agreeing to reopen the government after a 16-day shutdown, and to raise the debt ceiling in an effort to avoid a technical default.
A technical default on some of the most important "riskless" assets in global capital markets could give us quite a bumpy ride.

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