On October 28, 2016, the company ceased all operations, citing insufficient cash reserves, accumulated tax and debt liabilities, and " certain recent events resulting from the Notice of Default from YA Global Investments ".
32.
In July 2009, Aramid Entertainment provided a notice of default regarding the agreement to complete and release Black Water Transit, noting the production company had failed to provide with some of the necessary signatures for the agreement.
33.
Phil Whittman, chief counsel for the Saints, said he acted because the state, the Louisiana Stadium and Exposition District, and SMG, the firm that manages the Superdome, rejected the Saints'notice of default.
34.
Master policies generally require timely notice of default include provisions on monthly reports, time to file suit limitations, arbitration agreements, and exclusions for negligence, misrepresentation, and other conditions such as pre-existing environmental contaminants.
35.
World Airways said in the filing that it " believes that the issuance of the notice of default by Philippine Airlines relates to the financial difficulties Philippine Airlines is currently experiencing, rather than to any performance shortfall by the company.
36.
On 8 December 2001, Prasarana issued Putra-LRT with a notice of default and demanded payment of all outstanding amounts within 14 days . Putra-LRT replied on 24 December 2001 and informed Prasarana that it was not able to settle the amounts.
37.
Home Buyer defaulted on the Note, and on approximately December 8, 2009, the Successor Trustee to the Deed of Trust recorded a Notice of Default and Election to Sell . 1 On December 6, 2009, MERS assigned its beneficial interest to Citi, which was recorded on January 6, 2010.
38.
The meeting was to demonstrate and clarify the tariff calculations and assumptions under the power purchase agreement ( PPA ) with IPTL . However, immediately prior to the meeting, according to Mechmar, Tanesco issued a notice of default to IPTL, alleging that IPTL had failed to supply and install slow speed diesel generating sets.
39.
Kaupthing being placed into administration at the beginning of October in 2008 left the bank unable to continue financing its share of the project, thus violating the shareholder agreement, of which Christian Candy remarked could " take three to six months just to straighten out the shareholders agreement . " CPC Group served a written notice of default on Kaupthing shortly after.
40.
The family said the Tanco group knew that they were contesting the notice of default . Yet without even the cursory attempt to engage in dialogue and refusing to entertain such offers of dialogue to discuss the default or to listen to the Benitez family s proposal on how to pay the correct amount of the loan, the Tanco group is now attempting to take over PWU, the family added.
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