Bond covenant

(redirected from Protective Covenants)

Bond covenant

A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.

Bond Covenant

An agreement between the issuer and holder of a bond, requiring or forbidding certain actions of the issuer. Positive covenants require actions while negative covenants forbid them. The exact terms of a bond covenant must be written in the bond indenture.
References in periodicals archive ?
O'Toole promotes private zoning and protective covenants as a policy fix to the abuse of public zoning.
About Conewago Industrial Park Conewago Industrial Park accommodates a wide range of distribution and light industrial facilities, which enjoy attractive surroundings maintained by protective covenants.
The problem, they say, is Stockholm is renting his home out for short-term rentals, which violates the protective covenants that were established Nov.
Elucidating the salient features of the new initiatives he said that the government was endeavouring to enhance value of the government shareholding, maximization of profit, modernization and up gradation of SOEs, explore and create new assets, management and technology transfer benefits, increase investments in SOEs by identifying business benchmarks and outputs, remedial measures and generation of employment, exercise Public Private Partnership (PPP) as a policy to conduct privatization in the PPP mode for 26 percent of the equity stake along with transfer of management, set performance benchmarks, milestones and to safeguard Government interest through protective covenants.
I get involved on both sides of the issue, trying to enforce protective covenants or trying to protect companies hiring people.
Merlynn could create a private land trust with protective covenants, which would provide her with additional tax advantages.
There is still the issue of protective covenants to pursue, which we know matters.
The judges upheld a lower court ruling that Morrison had breached protective covenants when he set about widening the shared driveway.
Besides golf, Indiana's smaller-town golf communities are bringing with them development concepts more common in larger cities, For example, protective covenants are not an especially familiar concept in the Bedford area, but homes at Stone Crest enjoy such protections that dictate home sizes and set other ground rules for development and property upkeep.
Lankford has designed protective covenants containing phrases unusual for Colorado: "The intent of these covenants is to preserve Adobe Creek as an exclusive, high-quality residential and working forestry and agricultural area of lasting value.
Deed restrictions and protective covenants limit the amount of woods that can be cleared; all utility and cable lines are in place underground, and the roads have been finished in natural stone aggregate, to create a unique country retreat.
The amendments remove substantially all protective covenants and events of default from the Indenture (other than those relating to payment of principal and interest) and subordinate the liens on the Authority's assets securing the Existing Notes to the liens that will secure the new 9% Series A Senior Notes due 2018 and new 8% tax-exempt Series B Senior Notes due 2018 (collectively, the "New Notes") to be issued by the Authority on the Exchange Date.

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