New feature: Customize your PLUS research experience with My Preferences. Learn more.
Skip to main content

Credit Agreement Merger and Asset Sale Covenant Sample 3


Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. This sample clause prevents a borrower from entering into a merger, consolidation or sale of assets except under very limited circumstances.
Type: Contract Clauses
PLI Item #: 128706
Practice Area: Corporate & Securities
Keywords: "credit agreement"; merger; "asset sale"; covenant; "negative pledge"; consolidation; borrower; subsidiaries; "general business covenants"

Thank you for exploring PLI PLUS.
The content on this page is only available to subscribers.

To learn more about PLI PLUS subscriptions
please click on the link below or contact us at PLUS@pli.edu.