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.