Change of Business Covenant

Description

This AI field captures covenants of a borrower not to make a substantial change in the nature of its business nor to engage in any business other than the business carried on by it when the agreement was entered into.

Jurisdiction

  • Australia
  • Canada (Alberta, British Columbia, and Ontario)
  • United Kingdom (England)
  • United States (New York, and Ohio)

Document Types

  • 80% Debt Related Agt
  • 20% Debt Supplemental Agt

Tags

  • Credit/Facility Agreements

Language

  • 100% English