Protective Covenant

Protective Covenant
Component of loan agreement or indenture that imposes restrictions on company actions to protect the lenders. These restrictions may be in force during the term of the loan.

Related posts:

  1. Covenant-Lite Loans
  2. Positive Covenant of a Bond
  3. Bond Covenant
  4. Affirmative Covenant
  5. Negative Covenant

Leave a Comment