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This results in making the whole loan due; a resulting fire sale may lead to high write-offs on the debtor's books. Covenants can be financial, information, ownership, affirmative, negative or positive covenants. Often, the breach of any covenant gives the lender the right to call the loan or collect interest at a higher rate.
Private transfer fee covenants, like similar covenants and restrictions attached to real property, generally provide for legal and equitable remedies, including foreclosure of a lien and a claim against the owner, who, in taking title to the real estate, takes title "subject to" all claims and assessments.
James Dennis Ellison (June 18, 1940 – March 2021) was an American white supremacist from San Antonio, Texas. In 1971, he founded the radical organization The Covenant, The Sword, and the Arm of the Lord (CSA). Ellison purchased a 250-acre (1.0 km 2) strip of land near Elijah, Missouri, and he constructed his compound on it.
Dialogic Eliminates Debt-Related Covenants Through 2013 Secures additional $4.5 million debt financing MILPITAS, Calif.--(BUSINESS WIRE)-- Dialogic Inc. (NAS: DLGC) , the Network Fuel™ company ...
In the 13th and 14th centuries the forms of action for the enforcement of agreements were covenant, debt, detinue, and account. [3] These were all writs in the praecipe form, meaning that they commanded the defendant to perform an act: for example, to keep a promise; to yield up a sum of money or chattel unjustly withheld; or to render accounts.
Here’s what the debt picture looks like across a few key borrowing categories. Credit cards. The average amount of credit card debt per consumer in the U.S. in 2023 was $6,501, according to ...
Cov-lite (or "covenant light") is financial jargon for loan agreements that do not contain the usual protective covenants for the benefit of the lending party. Although traditionally banks have insisted on a wide range of covenants that allow them to intervene if the financial position of the borrower or the value of underlying assets deteriorates, around 2006 the increasing strength of ...
Circulating themes of wealth, power, government and socialism, the must-read gives an unconventional analysis that may change your perception on the Rockefellers and other families of similar ...