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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References in periodicals archive ?

In addition, the SPA may be terminated upon the occurrence of certain events of default.

Fitch Rates City of Charlotte, North Carolina's $140MM Tax CP COPs, Series 2007C 'F1+'

CCCIT contains standard early redemption events designed to protect investors from deteriorating collateral performance, as well as standard events of default.

Fitch Confirms Citibank CC Issuance Trust's Re-opened 2006-A8 Notes At 'AAA'

50 percent notes, Navistar executed a supplemental indenture relating to the indenture governing the notes, which, among other things, waived any and all defaults and events of defaults existing under the indenture, eliminated certain covenants and certain events of default and related provisions in the indenture and rescinded any and all prior notices of default and/or acceleration delivered to Navistar pursuant to such indenture.

Navistar Announces Expiration and Results of Tender Offer and Consent Solicitation for Its 2.50 Percent Senior Convertible Notes

The primary purpose of the proposed amendments and the consent solicitations is to waive any and all defaults and events of default existing under the indentures, eliminate substantially all of the material restrictive covenants and certain events of default and related provisions in the indentures, and rescind any and all prior notices of default and/or acceleration delivered to CSK Auto, Inc.

CSK Auto Announces Tender Offers for All Outstanding Series of Notes and Commitment Letter for New $450 Million Senior Secured Term Facility

The Company has received notice from Silicon Valley Bank that Events of Default have occurred under the credit facility between Silicon Valley Bank and the Company.

The Bank states that it is entitled to exercise any and all remedies available under the credit facility and the related security documents, and that, until all Events of Default are cured, the Company is required to pay default interest under the credit facility and that no further advances will be made by the Bank.

Vitesse Semiconductor Names Christopher R. Gardner as Chief Executive Officer and Reports Certain Other Recent Events

75 percent notes, Navistar executed a supplemental indenture relating to the indenture governing the notes, which, among other things, waived any and all defaults and events of defaults existing under the indenture, eliminated substantially all of the material restrictive covenants and certain events of default and related provisions in the indenture and rescinded any and all prior notices of default and/or acceleration delivered to Navistar pursuant to such indenture.

Navistar Announces Expiration and Results of Tender Offer and Consent Solicitation for Its 4.75 Percent Subordinated Exchangeable Notes

s ("Tier" or the "Company") financial statements for the fiscal year ended September 30, 2005, and the anticipated loss for the quarter ended September 30, 2005, constituted events of default under the revolving credit agreement between the Company and its lender, City National Bank ("CNB").