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Covenant Restricting Optional Payments on Subordinated Indebtedness Sample 2


Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. This sample clause restricts a guarantor from making any payments not authorized by the subordinated debt agreement.
Type: Contract Clauses
PLI Item #: 128815
Practice Area: Corporate & Securities
Keywords: "general business covenants"; "optional payments on subordinated indebtedness"; "corporate finance"; "subordinated indebtedness; guarantor; prepayment

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