The group had already renegotiated its existing banking covenants in light of the earlier losses.
He also found Hexion had "knowingly and intentionally" violated several of its covenants under the agreement.
Bloomberg posts whether a bond has Change of Control provision or Poison Put in its covenants.
Covenants protect investors by requiring companies to take action when their finances start to deteriorate.
Then, credit structures start to loosen like less collateral, easier covenants or fewer restrictions.
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Such covenants are typically related to net profit, which includes non-cash charges such as depreciation and amortization.
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Egged on by Carlsberg's managers, lawyers have been poring over covenants seeking ways around the ownership requirement.
Later, PwC also told Amerco that the consolidation would not interfere with its debt covenants, the suit says.
Indeed, greenfield sponsored transactions that are now being formulated will continue the push for incurrence-based covenants, bankers say.
These covenants can tie a store down for 2o to 25 years, particularly in regional malls where many J.
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If the iTunes tie-up generates significant cash advances or sales, it could delay breaches in the company's loan covenants.
Debtor companies also face bond covenants restricting their activities to ensure that they can continue to service their debts.
He prefers not to buy securities unless BlackRock is covered by covenants that protect its position in the debt structure.
Jarvis has breached debt covenants and had until the end of the week to agree a credit extension with its banks.
That had most to do with Nextel bond covenants from years ago.
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And with the new year, the future doesn't look good for HMV, which is unlikely to fail to meet its banking covenants.
Restrictive Covenants : Many employees are bound by non-compete and non-solicit agreements created in employment contracts or other documents they have signed.
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Covenants like this are risky, the court noted, since trademarks tend to be weakened whenever third parties are allowed to produce similar designs.
Starting in March, UAL's loan covenants require it to meet a schedule of reductions in operating losses and to break even by October.
Leaving Proudfoot, Mr. Gordon began working for Highland Consulting Group, which ran him afoul of certain restrictive covenants in his Proudfoot employment agreement.
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Yard-sharing is rare in new developments of single-family homes, big builders say, with privacy fences often required under community covenants and building codes.
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The deal was swaddled in covenants covering, among other things, the European Union's farm-trade policies and the commercial viability of selling pre-washed lettuce.
In many instances banks have loan covenants whereby the teams have to repay their loans immediately if there's a strike or a lockout.
All gift covenants will be honoured, but future financing remains uncertain for women's programmes and student grants that are now supported by Radcliffe.
But it just completed a refinancing that pushes out maturities until 2019 and loosened covenants so it could conceivably pay dividends this year.
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The diminished state of the aircraft is unusual for leasing companies, which typically can rely on strict covenants to maintain the condition of planes.
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These events follow anecdotal reports I saw last year about issuers trying to ease the covenants, or loan requirements, placed in their debt offerings.
According to a recent report by the World Bank, private lenders have granted borrowers more flexibility with loan covenants and demanded fewer third-party guarantees.
That might sound like an accounting nicety, but the level of tangible versus intangible assets can impact important things like the satisfying of loan covenants.
Global's withering finances could put it in violation of bank covenants.
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