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Guaranty Limitation Covenant Sample
Drafting for Corporate Finance: Concepts, Deals, and Documents (Second Edition)
Book Publication Date:
General business covenants place restrictions on corporate structure and business activities of an obligor.
This sample clause prevents a borrower and its subsidiaries from making any guarantees and incurring any obligations of other persons.
PLI Item #:
Corporate & Securities
"general business covenants"
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