Event of default: Difference between revisions
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Events of default will generally include any failure to pay interest or capital on a due date, any failure to comply with a covenant and any inability to repeat a representation. | Events of default will generally include any failure to pay interest or capital on a due date, any failure to comply with a covenant and any inability to repeat a representation. | ||
== See also == | == See also == | ||
Revision as of 15:53, 18 April 2014
The event of breaching a loan agreement.
Each loan agreement will normally define exactly what constitutes an event of default.
Events of default will generally include any failure to pay interest or capital on a due date, any failure to comply with a covenant and any inability to repeat a representation.
