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Non-monetary default.

San José Municipal Code § 5.06.280
in effect
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5.06.280 - Non-monetary default. "Non-monetary default" means a default under the provisions of loan documents that is neither a major monetary default, nor a minor monetary default, and which is a failure to comply with any condition, covenant, term or provision of the loan documents, including allowing the city's security to deteriorate to the point of jeopardizing the loan made by the city or the city's security interest therein. (Ords. 26127, 26657.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT5HO_CH5.06COAUDIHOMADIFI_PT2DE_5.06.280NNEDEFetched: 11/1/2026

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5.06.280 | Corpus