Existence, Permits and Authorization Covenant

Description

This AI field captures covenants of a borrower to maintain its existence, obtain and maintain any permits necessary to conduct its business and obtain any authorizations necessary for it to perform its obligations under the agreement.


Jurisdiction

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

Document Types

  • 55% Debt Related Agt
  • 40% Debt Supplemental Agt
  • 3% M&A Supplemental Agt
  • 2% Other

Tags

  • Credit/Facility Agreements

Language

  • 100% English