Lov om internasjonale sikkerhetsretter i mobilt løsøre

Convention on International interests in mobile equipment

Chapter III. Default remedies

Art 11.Meaning of default

1.The debtor and the creditor may at any time agree in writing as to the events that constitute a default or otherwise give rise to the rights and remedies specified in Articles 8 to 10 and 13.
2.Where the debtor and the creditor have not so agreed, «default» for the purposes of Articles 8 to 10 and 13 means a default which substantially deprives the creditor of what it is entitled to expect under the agreement.