The section of a loan agreement that describes circumstances in which the creditor obtains additional rights is called the

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The section of a loan agreement that describes circumstances in which the creditor obtains additional rights is called the events of default section. This section outlines situations in which the borrower is in breach of the loan agreement, which gives the creditor the right to take action, such as demanding immediate payment or seizing collateral.

The Section of a Loan Agreement That Describes Circumstances in Which