Loan Agreement: Negative Covenants

Resource type: Standard clauses

Status: Maintained

Jurisdiction: USA

Discussion of negative covenants typically found in loan agreements, including lien covenants, debt covenants and limitations on capital expenditures, transactions with affiliates and payments and distributions to equityholders. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.

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Resource ID: 7-383-5792
Products: PLC US Finance, PLC US Law Department
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Practice notes

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Intercompany Note Intercompany Note (http://uk.practicallaw.com/topic1-520-1012)
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Standard clauses

Loan Agreement: Affirmative Covenants Loan Agreement: Affirmative Covenants (http://uk.practicallaw.com/topic4-383-2926)
Loan Agreement: Bankruptcy Event of Default Loan Agreement: Bankruptcy Event of Default (http://uk.practicallaw.com/topic4-501-2053)
Loan Agreement: Events of Default Loan Agreement: Events of Default (http://uk.practicallaw.com/topic4-383-5246)
Loan Agreement: Financial Covenants Loan Agreement: Financial Covenants (http://uk.practicallaw.com/topic2-383-3168)
Loan Agreement: Limitation on Capital Expenditures Negative Covenant Loan Agreement: Limitation on Capital Expenditures Negative Covenant (http://uk.practicallaw.com/topic0-501-9749)
Loan Agreement: Limitation on Debt Negative Covenant Loan Agreement: Limitation on Debt Negative Covenant (http://uk.practicallaw.com/topic1-501-7207)
Loan Agreement: Limitation on Dispositions Negative Covenant Loan Agreement: Limitation on Dispositions Negative Covenant (http://uk.practicallaw.com/topic6-501-9666)
Loan Agreement: Limitation on Investments Negative Covenant Loan Agreement: Limitation on Investments Negative Covenant (http://uk.practicallaw.com/topic9-504-9515)
Loan Agreement: Limitation on Liens Negative Covenant Loan Agreement: Limitation on Liens Negative Covenant (http://uk.practicallaw.com/topic2-501-3930)
Loan Agreement: Limitation on Restricted Payments Negative Covenant Loan Agreement: Limitation on Restricted Payments Negative Covenant (http://uk.practicallaw.com/topic9-501-7208)
Loan Agreement: Limitation on Transactions with Affiliates Negative Covenant Loan Agreement: Limitation on Transactions with Affiliates Negative Covenant (http://uk.practicallaw.com/topic7-501-7209)
Loan Agreement: Standard Definitions Loan Agreement: Standard Definitions (http://uk.practicallaw.com/topic4-383-8339)

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