Limitation on Additional Debt Covenant — Bond Indenture

Description

This smart field captures the covenant limiting the issuer’s ability to incur additional debt. Additionally, this smart captures the situations when the issuer may issue permitted debt or issue debt within compliance with certain financial ratios. This smart field also captures the definition of “Permitted Indebtedness”, “EBITDA”, “Consolidated Interest Expense”, definitions related to coverage or leverage ratios, and similar definitions. This smart field was trained on high yield corporate debt security indentures governed by the laws of the United States and Canada.