Competition authority and Defaulting lender: Difference between pages
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'' | ''Borrowing and lending - documentation.'' | ||
The concept of a defaulting lender is an element of borrowing and lending documentation, designed for the protection of the borrower. | |||
It includes situations in which the lender fails to honour its commitment to provide funds under borrowing documentation, or gives notice that it will do so, or becomes insolvent. | |||
When a lender becomes a defaulting lender under the borrowing documentation, the borrower enjoys additional rights to protect its position as borrower. | |||
Defaulting lender provisions are part of ''Lehman provisions''. | |||
== See also == | == See also == | ||
* [[ | * [[Default]] | ||
* [[ | * [[Event of default]] | ||
* [[ | * [[Finance party default]] | ||
* [[ | * [[Lehman provisions]] | ||
* [[ | * [[Loan agreement]] | ||
* [[ | |||
==Other resource== | |||
* [https://www.treasurers.org/hub/best-practice/borrowers-guide-LMA-investment-grade-agreements The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p378] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 16:50, 4 November 2022
Borrowing and lending - documentation.
The concept of a defaulting lender is an element of borrowing and lending documentation, designed for the protection of the borrower.
It includes situations in which the lender fails to honour its commitment to provide funds under borrowing documentation, or gives notice that it will do so, or becomes insolvent.
When a lender becomes a defaulting lender under the borrowing documentation, the borrower enjoys additional rights to protect its position as borrower.
Defaulting lender provisions are part of Lehman provisions.
See also
