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Breach of covenant |
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Breach of covenantThe failure to obey a legal agreement. Breach of warranty A seller's inability to pass clear title to a buyer.Breach of covenant Similar MatchesRate covenantRate covenantA provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility. Positive covenant (of a bond)Positive covenant (of a bond)A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. CovenantsCovenantsProvisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative covenants). Restrictive covenantsRestrictive covenantsProvisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends. CovenantCovenantA formal agreement made in a deed. Further SuggestionsDeed of covenantNegative covenant deed of covenant CC and Rs (Covenants, Conditions and Restrictions) Bond covenant Affirmative covenant |
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