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High-Yield Indenture Restricted Payments Covenant

Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample clauses from a high-yield indenture prevent the borrower from making certain payments and dividends.
Type: Contract Clauses
PLI Item #: 128820
Practice Area: Banking and finance, Corporate finance

Keywords: "high-yield indenture"; "restricted payments covenant"; "restricted subsidiary"; "qualified capital stock"; "consolidated net income"; "permitted investments"

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