An event that allows a lender to call in the entire amount of a loan from a borrower. An event of default might be a breach of contract or a pattern of late payments.
Related information about event of default:
- Event of default - Wikipedia, the free encyclopedia
Event of default is a term used in commercial loan documentation. It refers to the occurrence of an event which allows the lender to demand repayment of the ...
- Event Of Default Definition | Investopedia
An action or circumstance that causes a lender to demand full repayment of an outstanding balance sooner than it was originally due. In many agreements, the ...
- AdamsDrafting » Blog Archive » “Default or Event of Default”
Oct 12, 2008 ... The phrase default or event of default is a fixture of loan agreements. Usually default and event of default are used as defined terms. Event of ...
- Event of default - Financial Dictionary - The Free Dictionary
Definition of Event of default in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Event of default? Meaning of Event of ...
- Events of Default - Contract Standards
The Events of Default clause merely explicitly enumerates the situations that will constitute an "Event of Default" under the agreement. In general, the clause ...
- What is event of default? definition and meaning
Definition of event of default: A condition as specified in a loan agreement that triggers a ... The most common event of default is the failure to make required...
- PLC - Loan Agreement: MAC Event of Default
A typical material adverse change (MAC) event of default clause often found in loan agreements. This Standard Clause has integrated notes with important ...
- PLC - Event of Default
An event specified in a commercial agreement that gives the non-defaulting party the right, among other things, to terminate the agreement. Events of default are ...