| 11. | A bank's main concern is to recover whatever has been lento to a borrower in the event of default.
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| 12. | RAM said in the event of default by Pengkalen Securities, noteholders would have recourse to the consortium of guarantors.
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| 13. | That action was necessary to allow the lender, Rockerfeller Center Properties, to repossess Rockefeller Center in the event of default.
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| 14. | The investors will also get increased control over the venture under various, undisclosed " covenants and events of default ."
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| 15. | However, in each case the relevant Master Agreements had not provided for automatic early termination upon an Event of Default.
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| 16. | In the past a court that imposed a fine would also impose a hypothetical sentence in the event of default.
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| 17. | Like other subordinated debt, it has claims after senior debt ( hence " subordinated " ) in the event of default.
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| 18. | Many times, the additional fees added on create an event of default allowing the mortgage servicer to foreclose on the property.
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| 19. | Chiba said the affidavit was required " to make sure there is no event of default under the loan document ."
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| 20. | They are first in line in the event of default, and loan balances are secured with assets of the borrowing corporation.
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