Positive Covenant
(redirected from Affirmative Covenants)

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Positive covenant (of a bond)

A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.

Positive Covenant

A bond covenant that requires the issuer to take certain actions. For example, a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. More commonly, a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits. It contrasts with a negative covenant, which prevents the issuer from taking the enumerated actions. It is also called an affirmative covenant.

positive covenant

A clause in a loan agreement that requires a specified action by the borrower. For example, a positive covenant may mandate that the borrower maintain a specific level of working capital or issue periodic reports to creditors. Compare negative covenant.

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Affirmative Covenant Bond Covenant covenant Negative Covenant Protective Covenant restrictive covenant Restrictive Covenants			The supplemental indenture eliminated substantially all of the restrictive covenants, certain affirmative covenants, certain events of default and substantially all of the restrictions on the ability of Dycom, Dycom Investments and certain of their respective subsidiaries to merge, consolidate or sell all or substantially all of their properties or assets contained in the indenture governing the Notes. Dycom Announces Early Settlement of Cash Tender Offer and Receipt of ... by PR Newswire They can take the form of affirmative covenants, in which a borrower agrees to keep promises such as producing sufficient cash flow to repay the debt, with an adequate cushion, and supplying financial information. Have you read your loan docs lately? by Pettinicchi, Robert J. / American Agent & Broker 50) By 1908, when the Company drafted its first restrictive covenants, American courts had in some cases enforced affirmative covenants running with the land, (51) and in subsequent decades prominent commentators would grumble about the irrationality of most courts' residual reluctance to do so. Private law or social norms? The use of restrictive covenants in ... by Jaffee, Valerie / Yale Law Journal			AF AFA Affacturage a forfeit Affaire Affare Affarsvarlden General Index Affective Behavior affiant affidavit Affidavit of Domicile Affidavit of Loss Affidavit of Performance Affiliate Affiliated Corporation Affiliated Foreign Group Affiliated Group Affiliated Person Affiliated Retailer Affiliated Wholesaler Affinities Affinity Card Affinity Fraud affirm Affirmative Action Affirmative Covenant Affirmative Covenants Affirmative Dumping Determination affirmative lending affirmative marketing program Affirmative Obligation Affirmative Obligations Affirmative Relief Affirmative Warranty Afford Affordability affordability index affordable housing Affordable Method Affreightment Afghan Afghani Afianzadoras Afiliado Afloat AFM AFN AFN Korea Africa Enterprise Fund Africa Project Development Facility African Development Bank African Development Foundation African Export-Import Bank			Affirmative Action and Equal Employment Opportunity Affirmative Action and Equal Opportunity Affirmative Action Association for Women Affirmative Action Committee Affirmative Action Division Affirmative Action Employer Affirmative Action Faculty Development Affirmative Action Group Affirmative Action Junior Officer Program Affirmative Action Outreach Committee Affirmative Action Plan for Handicapped Individuals/Disabled Veterans Affirmative Action Plan/Program Affirmative Action Program Plan Affirmative Action Programs in Higher Education Affirmative Action Recruiting Consortium Affirmative Action Representative Affirmative Action Review Form Affirmative Action, Equal Opportunity and Diversity Affirmative Action/Equal Opportunity Employment Affirmative Business Alliance of North America Affirmative Civil Enforcement Affirmative Civil Enforcement Program Affirmative Constructive Affirmative covenant Affirmative Covenants Affirmative defense Affirmative defense Affirmative defenses Affirmative defenses Affirmative Dumping Determination Affirmative Employment Plan Affirmative Employment Program Affirmative Fair Housing Marketing Affirmative Fair Housing Marketing Plan affirmative lending affirmative marketing program Affirmative obligation affirmative obligations affirmative pleading Affirmative pregnant Affirmative Procurement Affirmative Rebuttal Affirmative Relief Affirmative Replies Neither Required Nor Desired Affirmative Warranties Affirmative Warranty affirmatively affirmatively affirmatively Affirmatively Furthering Fair Housing affirmativeness affirmatives affirmatives affirmatives affirmatory

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Positive Covenant (redirected from Affirmative Covenants)

Positive Covenant
(redirected from Affirmative Covenants)