BNET Business Dictionary
Business Definition for: Notice Of Default
- a formal document issued by a lender to a borrower who is in default.
- U.K. term Default Notice
Additional Resources
- Notice Of Default
- This is a template for notice of default. If a borrower has failed to make a payment on time under a contract for deed, and you have filed a Notice of Default, you must now file this Final Notice of Default before terminating the contract and commencing foreclosure, eviction or...
- Tools & templates 2007-12-01
- Saks Incorporated Discloses Notice of Default for Convertible Notes; Company Also Discloses Its Plans to Repay Debt If Accelerated
- BIRMINGHAM, Ala. -- Saks Incorporated (NYSE: SKS) (the "Company") today disclosed that on June 14, 2005 it received a notice of default with respect to its $230 million 2% Convertible Senior Notes due March 15, 2024 (the "Convertible Notes"). The notice of default was given by a hedge fund that...
- Research articles 2005-06-15
- Lenders give FAO a notice of default
- PHILADELPHIA -- Toy-store operator FAO Inc. said Monday it was trying to resolve issues that caused its lenders to deliver a notice of default but couldn't guarantee that it would be able to negotiate better loan terms. The default notice said lenders no longer considered themselves obligated to...
- Research articles 2003-11-11
- Notice Of Default On Promissory Note
- Prepare a Notice to default on promissory note with this easy-to-use template. The Notice of Default is given by the holder of a promissory note creditor to each endorser of a promissory note, to inform them that the maker of the note has defaulted in making payment and that the...
- Tools & templates 2007-12-01
- Novell receives delisting notice from NASDAQ and notice of default from Wells Fargo related to its convertible subordinated notes due to late filing of Form 10-Q; Novell to request a hearing from the NASDAQ listing qualifications panel; Novell disputes We
- M2 PRESSWIRE-21 September 2006-NOVELL: Novell receives delisting notice from NASDAQ and notice of default from Wells Fargo related to its convertible subordinated notes due to late filing of Form 10-Q; Novell to request a hearing from the NASDAQ listing qualifications panel; Novell disputes Wells Fargo assertionsC1994-2006...
- Research articles 2006-09-21
- KB Home Receives a Letter Regarding a Notice of Default Related to Its 7-1/4% Senior Notes Due 2018
- LOS ANGELES -- KB Home (NYSE:KBH), announced today that on October 26, 2006, it received a letter stating it serves as a notice of default under the indenture related to its 7-1/4% Senior Notes due 2018 (the "7-1/4% Senior Notes") from an entity claiming to manage funds that beneficially own...
- Research articles 2006-10-27
- KB Home Disputes Purported Notice of Default Related to Its 6-1/4% Senior Notes Due 2015
- LOS ANGELES -- KB Home (NYSE:KBH), announced today that on October 18, 2006, it received a letter purporting to be a notice of default under the indenture related to its 6-1/4% Senior Notes due 2015. The letter asserts that KB Home is in default under the indenture because of the...
- Research articles 2006-10-20
- Comstock Homebuilding Companies Disputes Purported Notice of Default Related to a Loudoun County, Virginia Project
- Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) ("CHCI") and Comstock Bellemeade, L.C., a wholly owned subsidiary of CHCI (collectively "Comstock" or the "Company"), today announced that on October 18th, 2006, they received a letter from Bank of America, NA (the "Lender") purporting to be a Notice of Default (the "Notice") under...
- Research articles 2006-10-24
- Country World Casinos Inc. receives notice of default on its casino site
- DENVER--BUSINESS WIRE--Nov. 23, 1994--Country World Casinos Inc. (Bulletin Board: CWRC) announced it has received from New Allied Development Corp. NADC a notice of default of the promissory note made by the company to NADC. The note is secured by a deed of trust on the site of...
- Research articles 1994-11-23
- Placer Dome Responds to Bema Notice of Default
- VANCOUVER, British Columbia -- On October 3, 2005, Placer Dome Inc. (TSX:PDG)(NYSE:PDG)(ASX:PDG)(SWX:PDG)(BOURSE:PDG) received a Notice of Default under the Shareholders' Agreement for the Cerro Casale project in Chile from Bema Gold Corporation ("Bema"), one of the participants in the project. Also on October 3, 2005, Placer Dome...
- Research articles 2005-10-04
- Placer Dome Responds to Bema Notice of Default.
- VANCOUVER, BRITISH COLUMBIA, Oct 4, 2005 CCNMatthews via COMTEX -- On October 3, 2005, Placer Dome Inc. (TSX:PDG)(NYSE:PDG)(ASX:PDG)(SWX:PDG)(BOURSE:PDG) received a Notice of Default under the Shareholders' Agreement for the Cerro Casale project in Chile from Bema Gold Corporation ("Bema"), one of the participants in the...
- Research articles 2005-10-04
- Sagent Receives Notice of Default From CDC Software Corporation
- Business Editors MOUNTAIN VIEW, Calif.--BUSINESS WIRE--March 21, 2003 Sagent Technology (Nasdaq:SGNT) today announced that it has received notice from CDC Software Corporation, a wholly owned subsidiary of chinadotcom corporation (Nasdaq:CHINA), declaring that an event of default has occurred under the secured loans totaling $7 million made by CDC...
- Research articles 2003-03-21
- Letter Of Default On Promissory Note
- This template will be used to notify the maker of a promissory note of their default on an installment payment on a promissory note. Notice of default should be sent promptly to any account which falls behind in their payments on a note. It provides a legal basis for a...
- Tools & templates 2007-12-01
- Beazer Homes Receives Purported Notice of Default Related to its Convertible Senior Notes
- ATLANTA -- Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) announced today that on September 7, 2007 it received a purported default notice from U.S. Bank National Association, the trustee under the indenture governing Beazer's outstanding 4 5/8% Convertible Senior Notes due 2024. The notice alleges that, by reference to the...
- Research articles 2007-09-10
- Loan default filed against City Brewing
- Congress Financial Corp., a New York-based lending company, has filed a notice of default against the City Brewing Co. for not complying with terms of a $4.85 million loan."Basically, they issued a notice of default but agreed not to take any action such as foreclosure in their May 2 notice...
- Research articles 2000-05-24
- ATM Debit Cards Dispenser, Now It Has U.S. Patent! Default Proof Credit Card System, Inc. Receives From the U.S. Patent and Trademark Office Notice of Patent Allowance
- Business Editors MIAMI--BUSINESS WIRE--April 27, 2000 Default Proof Credit Card System, Inc. (OTCBB:DPRS) announced that, on April 24, 2000, the U.S. Patent and Trademark Office ("PTO") served the Company with Notice of Allowance for Issuance of a U.S. Patent for its Automated Teller Machine ATM Debit Cards Dispenser...
- Research articles 2000-04-27
- Bethpage-based Cablevision issued default notice
- Cablevision System Corp.'s Term B lenders issued a notice of default because the cable operator has delayed filing financial information, according to a regulatory filing.
- Research articles 2006-09-11
- Jamison, Pa., Medical-E...uipment Leasing Firm's Default Notice Is Rescinded.
- By Todd Mason, The Philadelphia In...uirer Knight Ridder/Tribune Business News Jul. 18--A Bucks County medical-e...uipment leasing company said yesterday that a lender had rescinded a notice of default on a bond issue, and that it had hired BDO Seidman L.L.P. as its...
- Research articles 2003-07-18
- Default Proof Credit Card System, Inc. Announces Receipt of Notice of U.S. Patent Allowance
- MIAMI -- Default Proof Credit Card System, Inc. (OTCBB:DPRS) congratulates its CEO Vincent Cuervo for the Office Action he has received from the United States Patent & Trademark Office. The Notice of Allowance stated that his patent application number 09/207,854, titled, "INTERNET WEBSITE PROGRAM FOR THE PURCHASE, ISSUE AND DISPENSING...
- Research articles 2005-10-17
- Fitch: No Immediate Rating Action on Saks Following Default Notice
- NEW YORK -- Fitch Ratings is not currently taking any rating action as a result of Saks Incorporated's Saks announcement of its receipt of a notice of default from a holder of its convertible senior notes due 2024. This reflects the expectation that Saks should have sufficient liquidity to repay...
- Research articles 2005-06-15
