Loan Agreement: Events of Default

Resource type: Practice note

Status: Maintained

Jurisdiction: USA

This Note discusses the events or conditions that typically constitute events of default in loan agreements (including breaches of representations and warranties, bankruptcy, judgments and change in control) the purpose of events of default in loan agreements and the rights and remedies of lenders upon the occurrence of any of such events or conditions.

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Resource ID: 0-382-8276
Products: PLC US Finance, PLC US Law Department
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Practice note: overview

Lending: Overview Lending: Overview (http://uk.practicallaw.com/topic0-381-0295)
Loan Agreement: Overview Loan Agreement: Overview (http://uk.practicallaw.com/topic8-381-0296)

Practice notes

Events of Default: Cross-default versus Cross-acceleration Events of Default: Cross-default versus Cross-acceleration (http://uk.practicallaw.com/topic5-500-3246)
Finance Fundamentals: Cross-default v. Cross-acceleration Finance Fundamentals: Cross-default v. Cross-acceleration (http://uk.practicallaw.com/topic2-508-8275)
Lender's Remedies and Enforcement Issues Lender's Remedies and Enforcement Issues (http://uk.practicallaw.com/topic8-500-5970)
Loan Agreement: Affirmative Covenants Loan Agreement: Affirmative Covenants (http://uk.practicallaw.com/topic6-382-8184)
Loan Agreement: Cross-border Provisions Loan Agreement: Cross-border Provisions (http://uk.practicallaw.com/topic9-502-4765)
Loan Agreement: Financial Covenants Loan Agreement: Financial Covenants (http://uk.practicallaw.com/topic3-384-0955)
Loan Agreement: Negative Covenants Loan Agreement: Negative Covenants (http://uk.practicallaw.com/topic5-383-3077)
Loan Agreement: Representations and Warranties Loan Agreement: Representations and Warranties (http://uk.practicallaw.com/topic1-382-7281)
What's Market: Credit Agreements in the Oil & Gas Industry What's Market: Credit Agreements in the Oil & Gas Industry (http://uk.practicallaw.com/topic9-525-1178)
What's Market: Loan Agreement Amendment Provisions What's Market: Loan Agreement Amendment Provisions (http://uk.practicallaw.com/topic8-385-8151)

Standard documents

Loan Agreement Amendment Loan Agreement Amendment (http://uk.practicallaw.com/topic0-501-8108)
Loan Agreement Waiver/Consent Loan Agreement Waiver/Consent (http://uk.practicallaw.com/topic7-501-7624)
Negotiable Promissory Note Negotiable Promissory Note (http://uk.practicallaw.com/topic8-508-7739)
Non-Negotiable Long Form Promissory Note Non-Negotiable Long Form Promissory Note (http://uk.practicallaw.com/topic6-508-0668)

Standard clauses

Loan Agreement: Affirmative Covenants Loan Agreement: Affirmative Covenants (http://uk.practicallaw.com/topic4-383-2926)
Loan Agreement: Amendments Loan Agreement: Amendments (http://uk.practicallaw.com/topic0-383-2928)
Loan Agreement: Bankruptcy Event of Default Loan Agreement: Bankruptcy Event of Default (http://uk.practicallaw.com/topic4-501-2053)
Loan Agreement: Change of Control Event of Default Loan Agreement: Change of Control Event of Default (http://uk.practicallaw.com/topic0-501-2050)
Loan Agreement: Covenant Event of Default Loan Agreement: Covenant Event of Default (http://uk.practicallaw.com/topic1-501-2035)
Loan Agreement: Cross-acceleration Event of Default Loan Agreement: Cross-acceleration Event of Default (http://uk.practicallaw.com/topic7-500-3392)
Loan Agreement: Cross-default Event of Default Loan Agreement: Cross-default Event of Default (http://uk.practicallaw.com/topic1-500-3390)
Loan Agreement: Events of Default Loan Agreement: Events of Default (http://uk.practicallaw.com/topic4-383-5246)
Loan Agreement: Financial Covenants Loan Agreement: Financial Covenants (http://uk.practicallaw.com/topic2-383-3168)
Loan Agreement: Limitation on Investments Negative Covenant Loan Agreement: Limitation on Investments Negative Covenant (http://uk.practicallaw.com/topic9-504-9515)
Loan Agreement: Limitation on Liens Negative Covenant Loan Agreement: Limitation on Liens Negative Covenant (http://uk.practicallaw.com/topic2-501-3930)
Loan Agreement: MAC Event of Default Loan Agreement: MAC Event of Default (http://uk.practicallaw.com/topic2-502-7767)
Loan Agreement: Negative Covenants Loan Agreement: Negative Covenants (http://uk.practicallaw.com/topic7-383-5792)
Loan Agreement: Representations and Warranties Loan Agreement: Representations and Warranties (http://uk.practicallaw.com/topic0-383-3169)

Checklist

Lender Checklist When a Borrower is in Default Lender Checklist When a Borrower is in Default (http://uk.practicallaw.com/topic6-500-5971)

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