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