Affirmative Covenant

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Affirmative covenant

A bond covenant that specifies certain actions the firm must take.

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.

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Affirmative Obligation Affirmative Obligations Positive Covenant Positive Obligation			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 Most bond agreements include an affirmative covenant of the tribe to maintain operation of the casino, which would provide some level of legal recourse for bondholders should a tribe attempt to close the gaming operation. Fitch: Workout Scenario Considerations for Creditors of Native ... by Business Wire The Credit Agreement contains a number of customary restrictive covenants, affirmative covenants and events of default, and financial covenants that require the Company to maintain a maximum leverage ratio, a minimum interest coverage ratio, and a minimum fixed charge coverage ratio. Invacare Corporation Reports First Quarter Results by Business Wire			AEX 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 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, USA 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 Affirmatively Furthering Fair Housing affirmativeness affirmatives affirmatives

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