Limitation on Dividend Stopper Covenant

Description

This AI field captures an issuer’s covenant to prohibit subsidiaries from entering arrangements that would prevent the subsidiaries from issuing dividends and other payments up to the issuer.

Jurisdiction

  • Canada (Alberta, and Ontario)
  • United States (New York)

Document Types

  • 92% Debt Related Agt
  • 6% Debt Supplemental Agt
  • 2% Structured Finance Agt

Tags

  • Bond Indentures

Language

  • 100% English