Event of default: Difference between revisions
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The event of breaching a loan agreement. | The event of breaching a loan agreement. | ||
Each loan agreement will normally define exactly what constitutes an event of default. | |||
Each loan agreement will normally define exactly what constitutes an event of default of that agreement. | |||
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. | ||
Revision as of 22:42, 22 November 2016
The event of breaching a loan agreement.
Each loan agreement will normally define exactly what constitutes an event of default of that agreement.
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.
