of covenants, including a
negative pledge clause, limits on mergers,
The terms and conditions of the documentation include a change of control clause, a
negative pledge clause and a cross default provision.
New Approaches to Economic Development: The World Bank, the EBRD, and the
Negative Pledge Clause, 35 Harv.
Although the loan does not contain a
negative pledge clause, the loan seniority is viewed the same as that on Mitsubishi's issued senior unsecured bonds.
The terms and conditions of the bond's documentation, which are applicable under English law, include a
negative pledge clause and a cross default and cross acceleration provision.
DineEquity's senior unsecured notes do not have financial covenants but contain a
Negative Pledge clause that requires equal and ratable security if non-permitted secured debt is incurred and have a change of control put option at 101% of principal plus accrued and unpaid interest.
The loan agreement contains a
negative pledge clause and certain other
The bonds feature a
negative pledge clause and a change of control put option.
The proposed notes also have the benefit of a
negative pledge clause.
The terms and conditions of the notes also contain a cross default clause and a
negative pledge clause, the latter of which allows for a degree of securitisation by ATF.
The amendments to the indentures will conform the
negative pledge clause to the
negative pledge clause in CIT's most recent indenture.
CIT is soliciting consents to conform the
negative pledge clause in the indentures for these Debt Securities to the
negative pledge clause in CIT's current indenture.
