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Control of Cash Covenant Sample

Description: General business covenants place restrictions on corporate structure and business activities of an obligor. These sample clauses restrict a borrower's right to open bank accounts and maintain cash reserves.
Form Type: Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 129502
Keywords: "control of cash"; covenant; "excess cash"; "additional bank accounts"; borrower; subsidiary; agent; "credit agreement"; indenture; "restricted subsidiary
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