Breach of covenant

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.

See also

• Acceleration
• Bond indenture
• Breach of contract
• Covenant
• Cover ratio
• Cross acceleration
• Cross default
• Documentation
• Event of default
• Financial covenant
• Loan agreement
• Waiver