Meaning Negative Covenants
What does Negative Covenants mean? Here you find 2 meanings of the word Negative Covenants. You can also add a definition of Negative Covenants yourself
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Negative CovenantsStatements of actions or events of the borrower must prevent from occurring or existing, for example, additional borrowing without the lender's consent.
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Negative CovenantsPromises by the borrower in a loan agreement to abstain from undertaking certain actions.
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