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Liens Covenant/Negative Pledge

Description

This AI field captures covenants of a borrower not to permit any liens on its assets and the definition of “Permitted Liens” or “Permitted Encumbrances”.

Jurisdiction
  • Australia
  • Canada (Alberta, British Columbia, Ontario, and Quebec)
  • United Kingdom (England)
  • United States (Florida, Illinois, and New York)
Document Types
  • 78% Debt Related Agt
  • 20% Debt Supplemental Agt
  • 2% Other
Tags
  • Bankruptcy/Recession Planning — Credit Agreements
  • Credit/Facility Agreements
Language
  • 100% English