Definition of Cross default covenant - Finance dictionary
Cross default covenant(See Chapter 22 of the Vernimmen)
Cross default Covenants specify that if the company defaults on another loan, the loan which has a cross default clause will become payable even if there is no breach of covenant or default of payment on this loan.
Cross default covenant(See Chapter 22 of the Vernimmen)
Cross default Covenants specify that if the company defaults on another loan, the loan which has a cross default clause will become payable even if there is no breach of covenant or default of payment on this loan.
Cross default covenant(See Chapter 22 of the Vernimmen)
Cross default Covenants specify that if the company defaults on another loan, the loan which has a cross default clause will become payable even if there is no breach of covenant or default of payment on this loan.