Events of Default

J. A. Donaldson and T. H. Donaldson
Additional contact information
J. A. Donaldson: Imperial Chemical Industries
T. H. Donaldson: Morgan Guaranty Trust Company of New York

Chapter 10 in The Medium-Term Loan Market, 1982, pp 153-181 from Palgrave Macmillan

Abstract: Abstract In many ways the default clause is the core of a loan agreement. The ultimate concern of any lender, unless it is a charity, must inevitably be whether and how it is to recover its money. Default by the borrower is the trigger that enables the lender to implement the sanctions provided in the agreement, to realise its security or claim under a guarantee. The threat of a default situation is the central mechanism by which the lender ensures that the borrower carries out its obligations.

Keywords: Ratio Covenant; Interest Payment; Lending Bank; Grace Period; Default Loan (search for similar items in EconPapers)
Date: 1982
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06242-3_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349062423

DOI: 10.1007/978-1-349-06242-3_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().