Carve-out: Difference between revisions
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imported>Doug Williamson m (Spacing) |
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It might also be used in the context of regulation where, effectively, a section might be dis-applied. | It might also be used in the context of regulation where, effectively, a section might be dis-applied. | ||
== See also == | == See also == | ||
* [[Negative pledge]] | * [[Negative pledge]] | ||
Revision as of 08:46, 7 April 2014
Documentation and regulation.
A carve-out is a special exception.
It can be used in the context of a loan agreement; a negative pledge might apply to all but specific subsidiaries.
It might also be used in the context of regulation where, effectively, a section might be dis-applied.
