Examining Default Triggers: Underperformance vs. Maturity Default vs. Loan Covenant Violations

What You'll Learn

• Working with current vs. pending defaults 
• What kind of script do negotiations follow? 
• How lenient have lenders been on loan covenant violations?
• What kind of $$ do you have to put up for different violations?
• Are there any tax issues that are coming up
• Failure to replace interest rate caps
• When should you contact your lender?
• Taking advantage of loan document covenants including material adverse effect clauses