Incurrence covenant 翻译
WebJun 17, 2013 · In contrast, incurrence-based covenants that are routinely part of high-yield bond terms do not require any maintenance of financial ratios or metrics that are measured on specific dates. The upshot is that slipping financial performance and metrics alone, even if severe, will not result in a violation of an incurrence-based covenant. WebSample 1 Sample 2 Sample 3. Incurrence Covenant. A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture. Indebtedness: With respect to any Person means, without ...
Incurrence covenant 翻译
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WebNotab ly, "incurrence covenants", wh ich require the. [...] borrower to comply with certain ratios at specific times, often replaced. [...] "maintenance covenants", which require the … Web(e) Upon suspension or termination of a Syndicate Account or a Partnership Account or the dissolution of a Syndicate or a Partnership, all sums owing by the Syndicate Treasurer or …
WebApr 11, 2024 · 兹经买卖双方同意按照以下条款由买方购进,卖方售出以下商品:. This contract is made by and between the Buyers and the Sellers; whereby the Buyers agree to buy and the Sellers agree to sell the under-mentioned goods subject to the terms and conditions as stipulated hereinafter:. (1) 商品名称:. Name of ... WebMar 27, 2024 · An incurrence covenant provides that an issuer may take a specified action (such as incurring debt, paying dividends, repurchasing its shares or making certain …
WebCovenants that must be met only at the time of incurrence as opposed to a maintenance covenant that requires ongoing compliance. For example, the Borrower may be restricted from incurring additional debt that would cause it to exceed a certain leverage ratio, rather than having to maintain a leverage ratio below a certain level on an ongoing basis. WebIncurrence Covenant means a covenant by the borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower including, …
WebJun 16, 2015 · Some use full-on high yield style incurrence covenants. But most are based on the Loan Markets Association standard form with the financial covenants removed (except the springing covenant), and a fairly standard set of negative undertakings. The exceptions to those covenants may be looser and follow an incurrence style, but that was …
WebOct 5, 2024 · incurrence = incurrence covenant. The said restrictions are specified below Incurrence covenant says that some of the restrictions on a borrower are not binding if the restriction is exceeded because of external factors. The increased use of these covenants has increased the amount of distressed debt. highfield gear industriesWebThe undersigned affiant(s), being first duly sworn, on oath says, and also covenants with and warrants to the grantee hereinafter named: (grantee(s). The affiant(s) has an interest in … how home loan worksWebFeb 17, 2024 · Incurrence covenants are tremendously important – practically every commercial ruling in law has defended corporates putting the interests of shareholders … highfield gazebo 2.5WebMar 27, 2024 · Impending Financial Impact: An element of most debt incurrence covenants permit debt incurrence based, in part, on the issuer’s EBITDA for the last four fiscal quarters. Because of the expected ... highfield gazebo canopyWebJan 21, 2013 · An incurrence covenant only takes effect if the borrower is taking a specified action. Example: The borrower must not incur new/additional debt unless the borrower's … how home loans work australiaWebreporting period, in the form of outflows or consumption of asset s or incurrence of l iabilities that result in decreases in net assets/equity. daccess-ods.un.org. daccess-ods.un.org. (k) “支出”是指在报告期内经济利益或服务潜力的减少,其形式为资产 的流出或耗用,或发生 导致净资产. daccess-ods.un.org ... how home office crime statistics are gatheredhttp://www.ichacha.net/incurrence.html how home network works