Finance Deals & Syndicated Lending · glossary
An Event of Default is one of the events listed in clause 19, and it lets the lenders accelerate. A Default is wider: it also covers an event that will become an Event of Default after a grace period or a notice. Any Default stops new loans. Definition: Default · Chapter 5 · Chapter 10
Explained in Chapter 5, Anatomy of a Facility Agreement, of Finance Deals & Syndicated Lending.
A Default is wider. It also covers an event that will become an Event of Default after a grace period, a notice or a decision.Read Chapter 5, Anatomy of a Facility Agreement →
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an Event of Default, or any event or circumstance which would (with the expiry of a grace period, the giving of notice, or the making of any determination under the Finance Documents, or any combination of them) be an Event of Default;Read the definition in the document →
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