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High-Yield Indenture Restricted Payments Covenant

Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample clauses from a high-yield indenture prevent the borrower from making certain payments and dividends.
Form Type: Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 128820
Keywords: "high-yield indenture"; "restricted payments covenant"; "restricted subsidiary"; "qualified capital stock"; "consolidated net income"; "permitted investments"
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