Business, 28.10.2020 16:40, xojade

An example of a negative covenant that might be found in a bond indenture is a statement that the company: cannot lease any major assets without bondholder approval. shall maintain a cash surplus of $100,000 at all times. shall provide audited financial statements in a timely manner. must maintain the loan collateral in good working order. shall maintain a current ratio of 1.1 or higher.

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An example of a negative covenant that might be found in a bond indenture is a statement that the co...