Breach of covenant: Difference between revisions
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imported>Doug Williamson (Expand definition.) |
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* [[Cross acceleration]] | * [[Cross acceleration]] | ||
* [[Cross default]] | * [[Cross default]] | ||
* [[Default]] | |||
* [[Documentation]] | * [[Documentation]] | ||
* [[Event of default]] | * [[Event of default]] | ||
Latest revision as of 01:02, 13 March 2023
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.
