The company said it could not make the payment because it was in technical default on its senior bonds.

This is likely to be deemed a technical default in the eyes of financial markets.

Therefore, an acceleration could place the co-op into technical default.

The company's negative cash flow has put it in technical default on a big bank loan.

That could ultimately force the company into technical default on some of its debt.

In May, the company went into technical default on these put debentures, which have a $26.1 million principal value.

I know of some that are already in technical default on their bonds.

That action put many of the county's bond issues into technical default.

If true, Mexico would be far closer to a technical default than had been believed.

Banks have agreed to extend payment on the loans, at least $6 billion of which are in technical default, until March 31.