Similarly, the SBMA sent it a final
notice of default with a 30-day curing period on March 23, 2018, but the firm did not meet the agency's demand, Quintos added.
PSALM issued the
notice of default to FDC Misamis Power Corp.
In fact let's take a reality check and note that on the same day as the news of the bond flotation arrived in Islamabad the IPPs sent a
notice of default to the government on Rs42 billion receivables the clearest indication that things in the power sector have returned to where they were when the government first came to power.
In addition, the termination provisions in a contract may also contain, per the parties' agreement, specific formalities which must be adhered to in order to effectively terminate the contract (such as the issuance of a
notice of default allowing the breaching party time to rectify its breach before a notice of termination may be issued).
The company was to list on the Montreal Exchange in 2001 when BMO issued a
notice of default, which eventually led to the firm's collapse.
Given the C-Plan had not yet been received from ADEC, the DNR issued a
Notice of Default and Cure that extends the date by which the West Eagle # 1 well needs to be spudded until 1 December 2013.
"Notice or filing" includes a foreclosure complaint, a
notice of default, a notice of election and demand or any other notice that is required by applicable law in order to pursue acceleration of a mortgage loan obligation or sale of a property securing a mortgage obligation.
A
notice of default was filed by Wolf Mountain on the Canyons' lease in June 2006.
Simultaneously, Fitch notes that IIB has, as displayed in the bank's
notice of default, agreed with the country's central bank on the restructuring of its un-collateralised borrowings from the c-bank, full refunding of which is allegedly planned by January 2011.
For example, a franchisor may have no alternative to issuing a
notice of default and terminating a franchisee where the breach involves health and safety concerns to the consumer.