Incurrence covenant

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Revision as of 08:38, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13)
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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.


See also