Event of default

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Revision as of 17:08, 1 December 2014 by imported>Doug Williamson (Linked to The Treasurers Handbook - Putting a limit on losses)
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The event of breaching a loan agreement.

Each loan agreement will normally define exactly what constitutes an event of default.

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.


See also