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Events of Default

   Also found in: Wikipedia 0.01 sec.
Events of default
Contractually specified events that allow lenders to demand immediate repayment of a debt.
Events of Default
In a loan, an event allowing the lender to call the full amount of the loan from the borrower. Events of default are specifically laid out in the loan contract, and often include chronically late payments or other breaches of contract.
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The amended credit agreement would reduce the amount outstanding on the credit facility to $125 million from $200 million, remove certain covenants and events of default, and reduce the minimum adjusted consolidated net worth requirement.
Fitch Downgrades The PMI Group's Senior Debt to 'CC/RR5' and ... by Business Wire
All classes are removed from Rating Watch Negative The rating actions result from notices provided by the Issuer that Events of Default have occurred.
Fitch Downgrades 10 Classes of Duke Funding High Grade II-S/EGAM I, ... by Business Wire
Pink Sheets:ROHI) (the "Company") today announced that it has obtained a waiver of any defaults and events of default that have arisen under its credit agreement due to the Company's failure to timely deliver (i) its unaudited financial statements for the quarter ended March 31, 2005 and other related deliverables and (ii) an appraisal of certain of the Company's assets.
Rotech Healthcare Obtains Waiver From Lenders Under Its Credit ... by Business Wire
 
 
 
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