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Capital Expenditure 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 clause limits a company and its subsidiaries from incurring capital expenditures above specified dollar amounts.
Type: Contract Clauses
PLI Item #: 128950
Practice Area: Corporate & Securities
Keywords: "general business covenant"; "capital expenditure"; "maximum consolidated capital expenditures"; "carryover amount"; "foreign subsidiaries"; borrower

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