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Events of Default

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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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In the amendment, Vencor's lenders waived all events of default regarding this accounts receivable covenant occurring prior to the date of the amendment.
In addition, the SPA may be terminated upon the occurrence of certain events of default.
In addition, the SPA may be terminated upon the occurrence of certain events of default.
 
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