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.
