Restricted Payments Covenant — Bond Indenture

Description

This smart field captures the covenant restricting the issuer’s ability to make specified payments as provided for in corporate debt security indentures. This smart field captures the prohibition on restricted payments, the restricted payments basket, carve-outs to the prohibition on restricted payments, and the definitions of “Restricted Payments”, “Investment”, “Permitted Investment” 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.