Examples of Defaulter in a sentence

Upon the Default of a Rates Service Clearing Member, the Clearing House has the power and authority, pursuant to the Rulebook, to liquidate the Rates Service Contracts the Defaulter has entered into in respect of its Clearing Clients which, pursuant to the Rulebook, would be conducted in accordance with the Rates Service DMP Annex.
If an FCM Clearing Member is a Defaulter, the Clearing House shall take such actions, subject to and in accordance with the Default Rules, and as may be required by the CEA, CFTC Regulations and applicable bankruptcy laws regarding the liquidation or transfer of FCM Contracts carried by such FCM Clearing Member on behalf of its FCM Clients.
Defaulter vendor(s)/ firm(s) are also liable for blacklisting.16.
An FCM Clearing Member that is not a Defaulter may request the return of any of its FCM Buffer that is not, at such time, being used by the Clearing House in such manner to offset any such FCM Client Sub-Account Balance deficits.
If an FX FCM is declared a Defaulter, the Clearing House will not register any ForexClear Contracts in the name of the Defaulter (except pursuant to the Default Rules).

More Definitions of Defaulter

Defaulter means the person and in the case of a company or firm every director or partner of the company or, as the case may be of the firm and of which he is a director or a partner of proprietor, and includes the guarantor who fails to pay outstanding arrears.]

Defaulter means a customer who owes money to the Municipality after the due date for payment has expired;

Defaulter means a Customer whose account is in arrears;

Defaulter means a customer who owes arrears;

Defaulter means a person who owes money to municipality after the due date has expired.

Defaulter means a person and, in the case of a company or firm, every director of the company or partner of the firm and includes guarantors or successors, who fail to pay the arrears of tax under this Act and the rules;

Defaulter means any customer in arrears.