Events of Default when acting for the borrower

The “events of default” section in a loan agreement sets out the most important trigger points in the facility agreement where the consequences of their occurrence can have serious ramifications for the borrower. This guidance note explains the purpose of events of default clauses, and considers cure periods, misrepresentation, insolvency-related events of default, enforcement proceedings, cross-default and change in control.

See Events of Default when acting for the borrower.