Incurrence covenant 翻译

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August undefined, 2024

WebIncurrence Test. A financial ratio test for covenant compliance that needs to be met at the time specific actions occur (rather than a maintenance test which needs to be met at regular intervals, such as quarterly or at all times). For example, the borrower may be permitted to incur debt if the leverage ratio is less than 3.0:1.0. The effect is ... WebCovenants that must be met only at the time of incurrence as opposed to a maintenance covenant that requires ongoing compliance. For example, the Borrower may be restricted from incurring additional debt that would cause it to exceed a certain leverage ratio, rather than having to maintain a leverage ratio below a certain level on an ongoing basis.

High-Yield Debt Covenants and Their Real Effects NBER

WebDebt covenants are defined as requirements and/or conditions imposed by the lender and agreed upon by the borrower during the arrangement and finalization of a financing … WebMaintenance covenants This typically refers to financial covenants which are tested on a regular basis; maintenance covenants can be contrasted with incurrence covenants where compliance is only tested when the borrower wishes to take a specific action. For more information, see Practice Note: Leveraged finance—financial covenants. fnaf security breach web

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WebHigh-Yield Debt Covenants and Their Real Effects. Falk Bräuning, Victoria Ivashina & Ali Ozdagli. Working Paper 29888. DOI 10.3386/w29888. Issue Date March 2024. High-yield debt including leveraged loans is characterized by incurrence financial covenants, or “cov-lite” provisions. A traditional loan agreement includes maintenance covenants ... WebJan 20, 2024 · Another aspect to consider is that, whereas maintenance covenants are typically used in loans funded and held by banks, incurrence covenants characterize loans … WebA covenant which has to be met initially and on certain other trigger events, for example raising new borrowings, acquisitions or dividend payments, where the event is permissible … fnaf security breach what do the fizzy faz do

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COVID-19: Liquidity Issues and Debt Incurrence Capacity in High …

Webンツ（Incurrence Covenants）、定期的に財務指標を確認する財務維持コベナンツ（Financial Maintenance Covenants）に分類することができます。 (1) 追加負担制限コベナンツ（Incurrence Covenants） ① 負債の制限 ② 担保提供制限 ③ 配当等制限、支払制限 ④ … WebIncurrence covenants typically require a borrower to take or not take a specific action once a specified event occurs. For instance, if an incurrence ... CAIA Association, Mark J. P. Anson, Donald R. Chambers, 2012. 2 . Private equity: tenth report of session 2006-07, Vol. 2: ... fnaf security breach where to buyWebSample 1 Sample 2 Sample 3. Incurrence Covenant. A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture. Indebtedness: With respect to any Person means, without ... greensville county sheriff\u0027s office

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Incurrence covenant 翻译

WebIn connection with this general covenant, BCE Inc. has also agreed to certain specific covenants, which, among other things, restrict certain of its activities, including the entering into of certain transactions such as mergers, asset dispositions and acquisitions, capital contributions and the incurrence of debt (subject to certain thresholds and exceptions). Webthe ark of the covenant在线中文翻译、the ark of the covenant读音发音、the ark of the covenant用法、the ark of the covenant例句等。本站部分功能不支持IE浏览器，如页面显示异常，请使用 Google Chrome，Microsoft Edge，Firefox 等浏览器访问本站。

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WebThe covenant can either be tested on a maintenance basis (for example, quarterly if there are amounts still outstanding at such time) or an incurrence basis when a utilisation is requested. For more information about covenant-lite facilities and the difference between maintenance and incurrence-based covenants, see Practice note, Covenant-lite ... http://www.ichacha.net/incurrence.html

WebIncurrence Covenants means a covenant by any Obligor to comply with one or more financial covenants only upon the occurrence of certain actions of, or events relating to, … WebWhat are financial covenants? Undertakings (also known as 'covenants') are promises given by the borrower (and sometimes also members of the borrower's group) to the lender about performing or not performing certain actions. Financial covenants are a specific type of covenant or undertaking. They are promises to meet.

Webcovenant (n.). 约于1300年， covenaunt ，意为“做或不做某事的相互协定，合同”，源自于古法语 covenant, convenant ，意为“协议，契约，承诺”（12世纪），最初是covenir的现在分词，意为“同意，相遇”，源自于拉丁语convenire，意为“聚集，联合；适合，一致”，由 com-“一起”（见com-）和venire“来”组成 ... WebMay 29, 2024 · What Are Maintenance And Incurrence Covenants? Tagged: Covenants, Maintenance. Maintenance Covenant means a covenant by any Obligor to comply with one or more financial covenants during each reporting period (but not more frequently than quarterly), whether or not such Obligor has taken any specified action.

WebOct 5, 2024 · incurrence = incurrence covenant. The said restrictions are specified below Incurrence covenant says that some of the restrictions on a borrower are not binding if the restriction is exceeded because of external factors. The increased use of these covenants has increased the amount of distressed debt.

Webincurrence covenants rather than maintenance covenants, not requiring the issuer to maintain any financial ratios. A number of bond issuers have used high-yield bonds to … greensville county sheriff\u0027s office va greensville county sheriff\\u0027s office vaWebJun 3, 2024 · Covenants are agreements between multiple parties that create a legally binding agreement on how each party is to perform. fnaf security breach wiki endingsWebJan 21, 2013 · An incurrence covenant only takes effect if the borrower is taking a specified action. Example: The borrower must not incur new/additional debt unless the borrower's … fnaf security breach wiki mapWeb(e) Upon suspension or termination of a Syndicate Account or a Partnership Account or the dissolution of a Syndicate or a Partnership, all sums owing by the Syndicate Treasurer or … greensville county school board emporia vaWeb中文翻译手机版. n. 蒙受，招致。. "net incurrence of liabilities" 中文翻译 : 發生的負債凈額. "incurrent" 中文翻译 : adj. 流入的〔尤指水流入〕。. the incurrent canals of sponges 海綿吸水管。. "incurred overhead rate" 中文翻译 : 實際制造費用分配率. "incurrent canal" 中文翻译 : … greensville county solarWebincurrence-style negative covenants. However, cov-lite loans can come in many different variations having some or all of the features discussed in this Note (see Cov-Lite Loan Provisions). Cov-lite loans are a well established feature in the leveraged lending marketplace. Although investors pushed back on the terms of some greensville county sheriff va