Limitation on Subsidiary Borrowing

Limitation on Subsidiary Borrowing
A covenant contained in a bond restricting a company’s firm’s ability to borrow at the subsidiary level in some way.

Related posts:

  1. Limitation on Liens
  2. Limitation on Sale-and-Leaseback
  3. Limitation on Merger, Consolidation, or Sale
  4. Limitation on Asset Dispositions
  5. Debt Limitation

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