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Limitations on Issuance of Guarantees of Indebtedness

Book Publication Date: Nov 2014
Description: In corporate finance agreements the lenders will want to protect against structural subordination, which may be accomplished in a number of ways. This clause provides limitations on issuance of guarantees of indebtedness by a company's subsidiaries.
Type: Contract Clauses
PLI Item #: 127729
Practice Area: Banking and finance, Corporate finance

Keywords: "corporate finance"; "guarantees of indebtedness"; debt; guarantee; indenture; securities; "negative pledge"; subsidiary; "corporate finance"; "subordinated debt"

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