Default on the Horizon? Watch This Video!

Your lender client just called and notified you that its borrower is on the verge of a default under its credit agreement. Watch this video to make sure you are up to speed on the types of defaults and standard grace periods to correct a default.

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Related Content

• Events of Default Provisions in Credit Agreements
  Read this practice note discussing the events of default section of a credit agreement. These provisions set forth the events or circumstances that lenders believe will threaten the borrower’s ability to repay the loans as and when due.

• Events of Default Enforcement, Remedies, and Cures (Credit Agreement)
  Review this practice note, which discusses the cure or waiver of events of default, and how proceeds following an event of default are distributed to creditors under a “waterfall.”

• Events of Default and Remedies Clauses (Credit Agreement)
  Use these events of default and remedies clauses in a credit agreement in a syndicated loan transaction. These clauses state the typical scenarios that would cause an event of default under the credit agreement. 

• Borrower Default and Lender Next Steps
  See this practice note for a guideline of actions that lenders may take following, and sometimes prior to, a default or an event of default under a credit agreement by a borrower.

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