Sentences with phrase «terminated on default»
This can only be done when the whole loan has been called in by the lender, where the loan agreement has automatically terminated on default.
https://www.nationaldebtline.org/ Not exact matches
When it became clear that continuing to use Yahoo as our default search provider would have a negative impact on all of the above, we exercised our contractual right to terminate the agreement and entered into an agreement with another provider.»
«Our findings cast doubt on the argument that defaulting firms often opt for bankruptcies to terminate underfunded pensions,» the researchers write in the paper.
Default judgments Stay of proceedings Statutes of limitations Cap on interest rates Eviction proceedings Installment contract for property purchase Mortgages Terminating home or vehicle leases
The doctor / patient / client relationship will be terminated if there is default on payment.
Following continued default, the Employer issued a notice terminating the contract on 14 April 2014, and indicating that he would be employing others to complete the works and would prepare a final account in due course.
For example, there is a default rule that any contract without term can be terminated on reasonable notice.
For franchisors who wish to terminate a franchise agreement with a franchisee, or to terminate a franchisee so to speak, the analysis usually focuses on the default and termination provisions in the franchise agreement.
As a result, when Asphalte Desjardins terminated the employee during the notice period, it unilaterally terminated the employment contract without giving sufficient notice of termination, thereby defaulting on its obligation under article 2091 and triggering ss.
In other words, if the landlord defaults on its mortgage and the lender forecloses, the lender has the right to terminate the lease and evict the tenant.