Event of default: Difference between revisions
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Each loan agreement will normally define exactly what constitutes an event of default of that 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. | 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. | |||
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* [[Waiver]] | * [[Waiver]] | ||
* [[Putting a limit on losses]] | * [[Putting a limit on losses]] | ||
[[Category:Compliance_and_audit]] | |||
[[Category:Identify_and_assess_risks]] | |||
Revision as of 10:30, 9 January 2019
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.
