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Guaranty Limitation Covenant Sample


Book Publication Date: Nov 2014
Description: 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.
Type: Contract Clauses
PLI Item #: 129067
Practice Area: Corporate & Securities
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

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