Examining Key Areas Of Potential Loan Default

Law360, New York (March 5, 2014, 4:39 PM EST) -- A typical loan agreement will contain numerous covenants and other obligations with which a borrower must comply during the term of the agreement, and will often specifically list events that will give rise to a default or “event of default.”

Upon the occurrence and continuation of an event of default, the lender will generally be permitted (following any notice period) to exercise various rights and remedies against the company, which may include an acceleration of the indebtedness, the accrual of interest at a default rate, the...
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