New Feature: Search Alerts are available now. Learn more.
Skip to main content

Download Form

Consolidated Tangible Net Worth Covenant Sample Clause 3

Description: Coverage tests are financial covenants that relate to a company's ability to service its debt out of income or cash flow. This sample clause requires the borrower and its subsidiaries to maintain a minimum consolidate tangible net worth. The clause also provides a sample definition of consolidated tangible net worth.
Form Type: Contract Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 129869
Keywords: "consolidated tangible net worth"; "consolidate subsidiaries"; "intangible assets"; borrower; subsidiaries; "financial covenant"; "credit agreement"; lender; "consolidated stockholders equity"
Thank you for exploring PLI PLUS.
The content on this page is only available to subscribers.

To learn more about PLI PLUS subscriptions
please click on the link below or contact us at