Defaulting lender and Statute: Difference between pages

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''Borrowing and lending - documentation.''
A law established by an act of the legislature.


The concept of a defaulting lender is an element of borrowing and lending documentation, designed for the protection of the borrower.
Contrasted with case law or common law, established by precedent.
 
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]]
* [[Case law]]
* [[Event of default]]
* [[Codification]]
* [[Finance party default]]
* [[Common law]]
* [[Lehman provisions]]
* [[Consolidation]]
* [[Loan agreement]]
* [[Eiusdem generis]]
 
* [[Enabling Act]]
 
* [[Legislature]]
==Other resource==
* [[Private Bill]]
 
* [[Public Bill]]
* [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]
* [[Royal assent]]
* [[Statutory]]
* [[Statutory duty]]
* [[Statutory filing]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[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]]

Latest revision as of 09:55, 16 March 2021

A law established by an act of the legislature.

Contrasted with case law or common law, established by precedent.


See also