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Limitation on Acquisitions Covenant Sample 3

Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample clauses restrict a company from making "fundamental changes" involving merger, acquisition, sale of assets, etc. except as permitted by a merger agreement.
Form Type: Contract Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 128977
Keywords: borrower; subsidiary; acquisition; investment; "limitation on acquisitions"; "limitation on investments"; "general business covenants"; "corporate finance"; "M&A"; "mergers and acquisitions"; "sale of assets"; "purchase of assets"; consolidation; "restriction on fundamental changes"
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