Breach of covenant: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Expand definition.) |
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''Contract - debt documentation - bond indenture - loan agreeement.'' | |||
Failure to comply with a covenant. | Failure to comply with a covenant. | ||
In a | |||
In a debt documentation, a breach of covenant by a borrower will almost always be an Event of default. | |||
Such an event of default generally gives additional rights to the lender-investor, for example ''acceleration''. | |||
==See also== | ==See also== | ||
* [[Acceleration]] | |||
* [[Bond indenture]] | |||
* [[Breach of contract]] | * [[Breach of contract]] | ||
* [[Covenant]] | * [[Covenant]] | ||
| Line 10: | Line 17: | ||
* [[Cross acceleration]] | * [[Cross acceleration]] | ||
* [[Cross default]] | * [[Cross default]] | ||
* [[Documentation]] | |||
* [[Event of default]] | * [[Event of default]] | ||
* [[Financial covenant]] | * [[Financial covenant]] | ||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Waiver]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 13:13, 5 August 2021
Contract - debt documentation - bond indenture - loan agreeement.
Failure to comply with a covenant.
In a debt documentation, a breach of covenant by a borrower will almost always be an Event of default.
Such an event of default generally gives additional rights to the lender-investor, for example acceleration.
