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A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to ... the debt service ... negative or positive covenants. ...
However, if a property has a debt coverage ratio of more than 1, the property does generate enough income to cover annual debt payments. For example, a property with a debt coverage ratio of 1.5 generates enough income to pay all of the annual debt expenses, all of the operating expenses and actually generates fifty percent more income than is ...
Positive accounting emerged with empirical studies that proliferated in accounting in the late 1960s. It was organized as an academic school of thought of discipline by the work of Ross Watts and Jerold Zimmerman (in 1978 and 1986) at the William E. Simon School of Business Administration at the University of Rochester, and by the founding of the Journal of Accounting and Economics in 1979.
A positive covenant is a kind of agreement relating to land, where the covenant requires positive expenditure by the person bound, in order to fulfil its terms. Unlike a restrictive covenant, a covenant to perform a positive act does not "run with the land" and therefore does not bind the covenantor’s successors in title.
Negative pledge is a provision in a contract which prohibits a party to the contract from creating any security interests over certain property specified in the provision. ...
The Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024 is a Trojan horse, with hidden traps and backward steps for consumers. One of the biggest problems with the ...
It was already old law that positive covenants routinely bind successors in leasehold land. Until this case, conflicting decisions pointed to a narrow category of application of positive covenants (chiefly limited to for example the obligation to erect and maintain railings or fences) could bind successors (beyond the first covenantor, that is purchaser or donee) owning freehold land.
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