Incurrence covenant: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 27/8/13) |
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''Loan documentation.'' | ''Loan documentation.'' | ||
A covenant which has to be met initially and on certain other trigger events, for example raising new borrowings, acquisitions or dividend payments, where the event is permissible if the covenant test is met after the event has been taken into account. | A covenant which has to be met initially and on certain other trigger events, for example raising new borrowings, acquisitions or dividend payments, where the event is permissible if the covenant test is met after the event has been taken into account. | ||
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* [[Covenant]] | * [[Covenant]] | ||
* [[Maintenance covenant]] | * [[Maintenance covenant]] | ||
Revision as of 08:22, 27 August 2013
Loan documentation.
A covenant which has to be met initially and on certain other trigger events, for example raising new borrowings, acquisitions or dividend payments, where the event is permissible if the covenant test is met after the event has been taken into account.
