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Contingent Obligations and Subsidiary Guarantees 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 place limits on the borrower's contingent obligations and their subsidiaries' guarantees.
Type: Contract Clauses
PLI Item #: 129066
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"; "non-recourse indebtedness"; "wholly-owned subsidiary"; borrower; "take-or-pay"; "keep-well"

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