Event Of Default in a sentence
Synonym: breach.
Meaning: A situation in which a borrower fails to meet the legal obligations of a loan; often used in finance.
(1) The event of default was a breach of the loan agreement.
(2) The lender may pursue legal action in the event of default.
(3) The lender may exercise their rights in the event of default.
(4) The contract specifies the consequences in the event of default.
(5) The event of default can lead to the foreclosure of the property.
(6) The event of default occurred when the borrower became insolvent.
(7) The event of default can lead to the termination of the agreement.
(8) The event of default was caused by the borrower's bankruptcy filing.
(9) The event of default can result in the borrower's assets being seized.
(10) The event of default can result in the borrower's assets being frozen.
Event Of Default sentence
(11) The contract outlined the notice requirements in the event of default.
(12) The event of default can trigger the acceleration of the loan repayment.
(13) The contract includes provisions for the resolution of an event of default.
(14) The event of default can lead to the borrower being blacklisted by lenders.
(15) The lender had the authority to appoint a receiver in the event of default.
(16) The lender had the option to appoint a receiver after the event of default.
(17) The contract outlines the procedures to be followed in the event of default.
(18) The lender had the authority to accelerate the loan in the event of default.
(19) The lender had the right to terminate the agreement in the event of default.
(20) The lender had the authority to sell the collateral in the event of default.
Event Of Default make sentence
(21) The lender had the option to sell the collateral after the event of default.
(22) The event of default was a breach of the non-compete clause in the contract.
(23) The event of default can lead to legal action being taken against the debtor.
(24) The event of default can result in the borrower's property being repossessed.
(25) The borrower should take steps to avoid the occurrence of an event of default.
(26) The lender had the right to terminate the contract after the event of default.
(27) The lender has the right to demand immediate repayment in the event of default.
(28) The lender had the right to demand immediate repayment in the event of default.
(29) The lender initiated legal proceedings after the event of default was declared.
(30) The event of default occurred when the borrower breached the non-compete clause.
Sentence of event of default
(31) The lender had the option to pursue legal action following the event of default.
(32) The contract outlined the consequences that would follow in the event of default.
(33) The event of default was a violation of the terms and conditions of the contract.
(34) The contract outlines the specific conditions that constitute an event of default.
(35) The event of default can result in the borrower being sued for breach of contract.
(36) The lender had the right to demand immediate repayment after the event of default.
(37) The borrower should be aware of the potential consequences in the event of default.
(38) The event of default can have long-lasting financial implications for the borrower.
(39) The contract outlined the remedies available to the lender in the event of default.
(40) The lender had the ability to impose penalties and fees after the event of default.
Event Of Default meaningful sentence
(41) The contract specifies the remedies available to the lender in the event of default.
(42) The event of default occurred when the borrower violated the anti-assignment clause.
(43) The lender had the right to exercise all available remedies in the event of default.
(44) The lender had the right to accelerate the loan after the event of default occurred.
(45) The lender had the authority to repossess the collateral after the event of default.
(46) The event of default was a breach of the confidentiality provisions in the agreement.
(47) The lender had the right to pursue any available remedies after the event of default.
(48) The lender has the right to take possession of the collateral in the event of default.
(49) The lender had the right to take possession of the collateral in the event of default.
(50) The event of default can have serious implications for the borrower's financial future.
Event Of Default sentence examples
(51) The event of default can result in the borrower's property being sold to repay the debt.
(52) The lender had the authority to freeze the borrower's assets after the event of default.
(53) The event of default can result in the borrower's credit score being negatively impacted.
(54) The event of default was declared when the borrower failed to maintain insurance coverage.
(55) The event of default was declared when the tenant violated the terms of the lease agreement.
(56) The event of default occurred when the borrower failed to make their scheduled loan payment.
(57) The lender may exercise their rights to collect the outstanding debt in the event of default.
(58) The event of default was declared when the debtor failed to meet their financial obligations.
(59) The event of default was declared when the debtor failed to make required principal payments.
(60) The event of default was triggered when the company failed to meet its financial obligations.
Sentence with event of default
(61) The event of default occurred when the borrower failed to make their monthly mortgage payment.
(62) The event of default was triggered when the borrower breached the terms of the loan agreement.
(63) The event of default occurred when the borrower failed to provide timely financial statements.
(64) The contract includes provisions for the resolution of an event of default through arbitration.
(65) The event of default was declared when the borrower failed to maintain a minimum credit rating.
(66) The event of default was a result of the borrower's failure to maintain a minimum credit score.
(67) The event of default occurred when the borrower failed to provide audited financial statements.
(68) The event of default occurred when the borrower failed to obtain necessary permits and licenses.
(69) The event of default was declared when the debtor failed to provide audited financial statements.
(70) The event of default occurred when the borrower failed to maintain a certain debt-to-income ratio.
Use event of default in a sentence
(71) The event of default can result in the borrower being responsible for additional fees and penalties.
(72) The event of default was triggered by the borrower's failure to meet certain performance milestones.
(73) The event of default was a result of the borrower's failure to obtain necessary permits and licenses.
(74) The event of default was declared when the borrower failed to maintain a certain debt-to-equity ratio.
(75) The event of default was triggered by the borrower's failure to comply with environmental regulations.
(76) The contract specified that an event of default would be triggered if the company filed for bankruptcy.
(77) The lender had the authority to take possession of the borrower's inventory after the event of default.
(78) The event of default was a result of the borrower's failure to maintain insurance coverage on the property.
(79) The lender had the option to exercise their rights under the security agreement after the event of default.
(80) The lender has the authority to declare an event of default if the borrower breaches the terms of the agreement.
Sentence using event of default
(81) The event of default occurred when the borrower failed to cure a material breach within the specified timeframe.
(82) The contract specified that an event of default would be triggered if the borrower failed to pay property taxes.
(83) The event of default was declared when the debtor failed to provide financial statements within the agreed-upon timeframe.
(84) The contract specified that an event of default would be triggered if the borrower transferred their assets without consent.
(85) The lender declared an event of default after discovering that the borrower had provided false information on their application.
(86) The contract specified that an event of default would be triggered if the borrower failed to comply with environmental regulations.
Event Of Default meaning
Event of Default is a legal term that refers to a specific set of circumstances or actions that can trigger serious consequences in a contractual agreement or financial arrangement. It is crucial to understand the implications and potential ramifications of an event of default, as it can have significant impacts on the parties involved. When using the phrase "event of default" in a sentence, it is important to provide context and clarity to ensure proper understanding. Here are some tips on how to effectively incorporate this term into your writing:
1. Define the term: Begin by providing a brief explanation of what an event of default means.
For example, "An event of default is a condition or occurrence that, if it happens, can lead to severe consequences in a contractual agreement."
2. Use it in a legal context: The phrase "event of default" is primarily used in legal and financial contexts. When discussing legal matters, ensure that you accurately describe the specific circumstances that can constitute an event of default. For instance, "Failure to make timely payments as per the agreed terms is considered an event of default in this loan agreement."
3. Provide examples: To enhance understanding, include examples of situations that can trigger an event of default. For instance, "Examples of events of default may include bankruptcy, breach of contract, or failure to meet financial obligations."
4. Explain the consequences: Elaborate on the potential consequences that can arise from an event of default. This can include penalties, termination of the agreement, or legal action.
For example, "In the event of default, the lender has the right to seize collateral and initiate legal proceedings to recover the outstanding debt."
5. Discuss remedies or mitigation measures: It is essential to address potential remedies or actions that can be taken to prevent or mitigate the occurrence of an event of default. This can include negotiation, restructuring, or seeking legal advice. For instance, "To avoid an event of default, it is advisable to maintain open communication with the other party and explore alternative payment arrangements if facing financial difficulties."
6. Use it in a sentence:
Finally, incorporate the phrase "event of default" into a sentence that accurately reflects its meaning and usage.
For example, "The contract clearly outlines the specific events of default, such as non-performance or violation of confidentiality, that can lead to termination."
In conclusion, the term "event of default" carries significant legal and financial implications. By providing a clear definition, using it in a legal context, providing examples, explaining consequences, discussing remedies, and incorporating it into a sentence, you can effectively communicate the meaning and importance of this phrase.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Event Of Default. They do not represent the opinions of TranslateEN.com.