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Capital Structures and Other Agreements Covenant Sample 2

Book Publication Date: Nov 2014
Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample clauses prevent a borrower and its subsidiaries from making certain optional payments and modifying debt instruments, and also prevent a borrower from waiving any rights it may have under other agreements.
Type: Contract Clauses
PLI Item #: 129359
Practice Area: Banking and finance, Corporate finance

Keywords: "capital structures"; borrower; subsidiary; "optional payments"; "modification of debt instruments"; indebtedness; "subordinated debt"; "subordinated notes"; "credit agreement"; indenture

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