Such is the case with "non-performance
" equity grants.
However, notwithstanding any agreement to the contrary the specified sum may be reduced to a reasonable amount where it is manifestly disproportionate to the loss envisaged as capable of resulting in relation to the loss resulting from the non-performance
and to the other circumstances.
The notes are rated two notches below Munich Re's Issuer Default Rating (IDR) of 'AA-', to reflect their subordination (one notch) and moderate risk of non-performance
(one notch), in line with Fitch's notching criteria.
He said governors are being blamed for non-performance
, yet the national government holds a bigger percent of funds.
Shaista Pervaiz said the Pakistan Peoples Party could not win the polls in 2013 due to non-performance
. Media was vibrant in Pakistan and the people had become conscious about the sanctity of vote, she said.
In the statement, Fitch explained that its Basel 3 rating approach is to "notch down" from an issuer's anchor rating based on "incremental non-performance
and loss severity risks."
If the party which issues earnest money is liable for non-performance
of the contract, the earnest money shall remain with the other party.
Force majeure and hardship under general contract principles; exemption for non-performance
in international arbitration.
WFC's trust preferred securities are notched two times from the VR for loss severity and two times for non-performance
. These ratings are in accordance with Fitch's criteria and assessment of the instruments non-performance
and loss severity risk profiles and have thus been affirmed due to the affirmation of the VR.
The protesters who are serving an annual renewable contract said they were dropped in the guise of non-performance