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Line of Business 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 line of business covenant prevents the borrower from engaging "to any material extent" in a line of business outside the oil and gas industry.
Type: Contract Clauses
PLI Item #: 128930
Practice Area: Corporate & Securities
Keywords: "line of business"; borrower; subsidiaries; "related business"; "credit agreement"; "general business covenant"; "corporate finance"; lender; "initial borrowing date"

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