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Limitation on Acquisitions Covenant Sample 4

Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. This short sample clause restricts a borrower and its subsidiaries from any purchase of assets not in the ordinary course of business.
Type: Contract Clauses
PLI Item #: 128978
Practice Area: Banking and finance, Corporate finance

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"; "ordinary course of business"

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