Examples of Other Default in a sentence
Such Other Default Interest must be invoiced separately as soon as pos- sible.
Pecuniary settlement shall bear Other Default Interest and shall consti- tute the sole compensation of the Shipper/Operator.
OTHER DEFAULT Should (i) the criteria set forth in Section I above not support the approval by the Chair of the Membership Subcommittee of the initiation of termination proceedings, or (ii) a Participant fail to perform any obligation under the Documents which is an Other Default, the Membership Subcommittee, upon notice of such Other Default, shall consider the issues raised by such Other Default and approve the initiation of termination proceedings or take such other action as may be appropriate.
Such settlement shall bear Other Default Interest.This settlement will take place for the first time after the lapse of Finan- cial Year 2012.
Other Default Risk Recovery Rates The Recovery Rates for insurers, reinsurers and captives are as follows: (a) 50% for receivables due from reinsurers; and(b) 0% for other exposure types.