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Line of Business Covenant Sample 2

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.
Form Type: Contract Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 128929
Keywords: "line of business"; borrower; subsidiaries; "related business"; "credit agreement"; "general business covenant"; "corporate finance"; lender; "initial borrowing date"
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