Event of default: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Putting a limit on losses) |
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Revision as of 17:08, 1 December 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.
