Finance party default

Borrowing and lending - documentation.

The concept of a finance party default is an element of borrowing and lending documentation, designed for the protection of the borrower.

It includes defaulting lender and impaired agent provisions.

Finance party default provisions are part of Lehman provisions.

See also

• Default
• Defaulting lender
• Documentation
• Event of default
• Impaired agent
• Lehman provisions
• Loan agreement
• Provision

Other resource

• The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p377