-
a commitment of the Borrower not to create any liens/pledge over its assets in favor...
-
another regular covenant securing fair/equal treatment of all (same-ranked) creditors with respect to providing collateral...
-
Special Purpose vehicle/company, this term is usually used for companies that do not have regular...
-
Earnings before Interests, Tax and Depreciation representing Operating cash flow of the company calculated based...
-
A result of annual instalments covered by generated EBITDA calculated as per EBITDA/ Annual debt...
-
Major ownership clause, same as MAC, also this one represents very often used condition within...
-
A usual condition of credit contract stipulating that in case of any adverse situation the...
-
the Borrower should approach Bank to accept the breach of covenants and other stipulations from...
-
big ticket loan that is provided by a number of Banks which share the revenues...
-
in the analogy to the DSCR this is equivalent of above mentioned ratio just with...
