2.4.8 Events of Default and Remedies

2.4.8 Events of Default and Remedies

Events of Default in bond documents are events that allow bondholders to take action to protect their interests or, more often, allow or require the bond trustee to take action to protect bondholders’ interests. “Remedies” refers to the actions that may be taken in addition to the general rights exercisable against governmental entities for breach of contract.