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Contingent Obligations Limitation Covenant Sample

Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample clauses limit a borrower's ability to create or be liable for contingent obligations.
Type: Contract Clauses
PLI Item #: 129065
Practice Area: Banking and finance, Corporate finance

Keywords: "contingent obligations"; "general business covenants"; "rate agreements"; "currency agreements"; guarantor; "subsidiary guarantees"; "termination value"; "subsidiary"; "asset sales"

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