English to Russian Bus/Financial Law: Contract(s)

Знаёт ли кто-нибудь, как следует переводить английский термин «default» в следующем юридическом/ финансовом контексте? Я не понимаю, уместен ли русский термин «невыполнение обязательств».

(j) No Default.
No member of the Group is in default under any agreement, obligation or duty to which it is a party or by which it or any of its properties or assets is bound and there exists no Default.
(k) Litigation.
No member of the Group is engaged in, or, to the best of the Borrower's knowledge, threatened by, any litigation, arbitration or administrative proceeding, the outcome of which might have a Material Adverse Effect.
(l) Corporate Power.
The Borrower has the corporate power to enter into, and perform its obligations under, the Financing Documents.