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Line of Business Covenant Sample 2

Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. This sample line of business covenant confines the borrower to the line of business they were operating in on the initial borrowing date.
Type: Contract Clauses
PLI Item #: 128929
Practice Area: Banking and finance, Corporate finance

Keywords: "line of business"; borrower; subsidiaries; "related business"; "credit agreement"; "general business covenant"; "corporate finance"; lender; "initial borrowing date"

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