Question

Which of the following occurrences would legally trigger an 'Event of Default' clause in an infrastructure project loan?

A An administrative change in the project management office's address.
B Short-term market volatility resulting in a 1% dip in equity price.
C The invocation of a cross-default clause due to non-payment on separate credit facilities.
D Replacing the existing auditor with a new certified firm.
E A systemic hike in the benchmark lending rate by the monetary authority.
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