Term loan: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "A loan with a fixed payment date at some point in the future, before which (absent an event of default) the lender cannot have its money back. Compare with a callable loan..." |
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Term loans give rise — in limited cases — to the need for a [[cross default]] right. But not in the context of a [[Cross Default - GMSLA Provision|stock loan]] or a [[Cross Default - GMRA Provision|repo agreement]]. | Term loans give rise — in limited cases — to the need for a [[cross default]] right. But not in the context of a [[Cross Default - GMSLA Provision|stock loan]] or a [[Cross Default - GMRA Provision|repo agreement]]. | ||
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*[[Cross default]] | *[[Cross default]] | ||
Latest revision as of 11:02, 19 January 2020
A loan with a fixed payment date at some point in the future, before which (absent an event of default) the lender cannot have its money back. Compare with a callable loan.
Term loans give rise — in limited cases — to the need for a cross default right. But not in the context of a stock loan or a repo agreement.