Notice of Material Events Covenant
Description
This AI field captures covenants of a borrower to notify a lender or agent of the occurrence of any material events including litigation proceedings, environmental claims or changes to its business that are likely to have a material adverse effect, or its default under the agreement.
Jurisdiction
- Australia
- Canada (Alberta, British Columbia, and Ontario)
- United Kingdom (England)
- United States (Illinois, New York, and Ohio)
Document Types
- 79% Debt Related Agt
- 19% Debt Supplemental Agt
- 2% Other
Tags
- Bankruptcy/Recession Planning — Credit Agreements
- Credit/Facility Agreements
Language
- 100% English