New feature: Customize your PLUS research experience with My Preferences. Learn more.
Skip to main content

Excess Cash Flow Covenant Sample 1

Book Publication Date: Nov 2014
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 mandatory incremental prepayments on debt in an amount related to excess cash flow.
Type: Contract Clauses
PLI Item #: 129970
Practice Area: Corporate & Securities
Keywords: "excess cash flow"; "mandatory incremental prepayments"; "consolidated cash flow"; "consolidated subsidiaries"; "consolidated net income"; "fiscal year"; "closing date"; "financial covenant"; "coverage tests"; "total debt service"

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