But violating a
bond covenant is rare for hospitals, said Mike Rock, a lobbyist for the American Hospital Association of Washington, D.
Section
Bond Covenant for Mitigating Underinvestment derives the required property insurance indemnity schedule that should be specified in a
bond covenant to mitigate the underinvestment problem with risky asset reconstitution.
Of the findings made by this study, the one with the most significant implications for financial managers is the tendency of
bond covenants in actual debt offerings to be grouped together in packages.
The appointment of a newly structured entity--the "supertrustee"--with the duty and power to actively monitor, renegotiate, and enforce
bond covenants, and with access to confidential company information, thereby overcoming the collective action problem.
They are particularly interested in a utility's adherence to
bond covenant requirements and financial performance.
Tenders are invited for most qualified consulting firm to assist the city in achieving sustainable water and wastewater rate structures that: adequately fund operations, debt service, and capital improvements; meet debt service ratios and
bond covenant requirements; and ensure that water and sewer fund is operating on a self-sustaining basis over the next 20 years.
Therefore, it is feasible to include a
bond covenant requiring insurance such that the bond issue raises enough to cover the insurance premium as well as the other monies necessary.
Deposit and investment act may be affected by local ordinance, written policy,
bond covenant or management practice.
The system has experienced growth in revenues the last five years primarily due to the series 2006
bond covenant that requires the county board of commissioners to levy rate increases of at least 3% for residential disposal and tipping fees through fiscal year 2011.
This was evident when the revenue bondholders agreed to revise their contingent funding covenant so that the tribe would be able to secure its GO
bond covenant amendment and avoid a default on the GO bonds.
0x MADS coverage
bond covenant, which would be an event of default if breached.
This recently contributed to Fitch placing the district on Rating Watch Negative on March 20, 2008 following disclosure that the district's revenues from its water utility during fiscal 2008 had been insufficient to meet the
bond covenant requirement that it deposit approximately equal amounts monthly into the debt service fund in order to pay annual debt service costs.
