A lesser Loan Covenant Breach. One example could be not providing financial information within a given timeframe. A lender may allow such defaults to occur a couple of times, but continued Soft Defaults, could lead to a Hard Default.
A lesser Loan Covenant Breach. One example could be not providing financial information within a given timeframe. A lender may allow such defaults to occur a couple of times, but continued Soft Defaults, could lead to a Hard Default.