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.
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34) See Barrickman, 2015 WL 2357179 at *1 ("Restriction #6 in the Green Creek Estates' Declaration of Protective Covenants and Restrictions prohibits 'commercial use' of property.
Recommend and after County approval, record protective covenants on the property to ensure appropriate development standards are envisioned and adhered to.
O'Toole promotes private zoning and protective covenants as a policy fix to the abuse of public zoning.
The problem, they say, is Stockholm is renting his home out for short-term rentals, which violates the protective covenants that were established Nov.
First, specifying and enforcing optimal protective covenants is costly, and the costs of some conceivable protections exceed the benefits.
Even accounting firms that periodically update their protective covenants often implement them on a forward-looking basis only.
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.
Being wary of this wealth transfer to stockholders, bondholders seek to include protective covenants in bond indentures to deter stockholders and managers from implementing such an asset substitution.
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.

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