Lien/Negative Pledge Covenant — Bond Indenture

Description

This smart field captures the covenant restricting the issuer’s ability to incur additional liens, subject to carve-outs for specified permitted liens. This smart field also captures the definitions of “Liens”, “Permitted Liens” and similar definitions. This smart field was trained on investment grade and high yield corporate debt security indentures governed by the laws of the United States and Canada.