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Line of Business Covenant Sample 5

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 substantially changing their line of business from what it is on the date of the agreement.
Type: Contract Clauses
PLI Item #: 128932
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"; "change of business"

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