WebIncurrence Test. A financial ratio test for covenant compliance that needs to be met at the time specific actions occur (rather than a maintenance test which needs to be met at regular intervals, such as quarterly or at all times). For example, the borrower may be permitted to incur debt if the leverage ratio is less than 3.0:1.0. The effect is ... Web在线词源词典,最权威的单词学习词典,为你提供covenanter的在线翻译,covenanter是什么意思,covenanter的来源,权威解释等。 广告. covenanter (n.) "进入庄严协议的人",1630年代,来自covenant(v.)的代理名词。它特别用于指签署庄严联盟和盟约(1643年)以捍卫和推进他 …
Incurrence covenant Definition Legal Glossary LexisNexis
WebMaintenance covenants This typically refers to financial covenants which are tested on a regular basis; maintenance covenants can be contrasted with incurrence covenants where compliance is only tested when the borrower wishes to take a specific action. For more information, see Practice Note: Leveraged finance—financial covenants. 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. buy svg fonts
コベナンツモデル(参考モデル)(案)
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 … WebMay 29, 2024 · What Are Maintenance And Incurrence Covenants? Tagged: Covenants, Maintenance. Maintenance Covenant means a covenant by any Obligor to comply with one or more financial covenants during each reporting period (but not more frequently than quarterly), whether or not such Obligor has taken any specified action. Webンツ(Incurrence Covenants)、定期的に財務指標を確認する財務維持コベナンツ (Financial Maintenance Covenants)に分類することができます。 (1) 追加負担制限コベナンツ(Incurrence Covenants) ① 負債の制限 ② 担保提供制限 ③ 配当等制限、支払制限 ④ … certificat d\u0027analyse merck