Payment Defaults

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Definitions
Event of Default
Event of Default Loan Agreements Breach of Covenant Payment Defaults Bankruptcy Material Adverse Change Representation and Warranty Commercial Law
A critical clause in a loan agreement where breaching certain conditions can make the loan immediately repayable. The breaching of any covenant clause, failure to pay, failure to perform other duties and obligations, false representation and warranty, material adverse change, bankruptcy, and alienation of assets all account for events of default.
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