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Affirmative covenant

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


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Further, the Apollo investment is an affirmative covenant under the senior credit facility.
Encompass Receives Waiver From Senior Lenders by Business Wire
The Sanwa loan documents contain customary affirmative covenants, negative covenants, events of default and other similar terms for asset-based loans of this type.
Solo Serve Corp. Announces a New Revolving Loan Facility, Chuck ... by Business Wire
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