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Credit Agreement Lease Covenant Sample 2
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 lease covenant clause prevents the borrower or its subsidiaries from entering into any lease agreement where the rental payments would eceeed specified dollar amounts.
PLI Item #:
Corporate & Securities
"Financial Accounting Standards Board"
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