Springing covenant - Revision history

imported>Doug Williamson: Add links.

2016-07-19T14:55:00Z

Add links.

← Older revision		Revision as of 14:55, 19 July 2016
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	== See also ==		== See also ==
			*[[Covenant]]
			*[[Covenant-lite]]
	*[[Incurrence covenant]]		*[[Incurrence covenant]]
	*[[Maintenance covenant]]		*[[Maintenance covenant]]

	[[Category:Long_term_funding]]		[[Category:Long_term_funding]]

imported>Doug Williamson: Define 'lite' covenants.

2015-08-01T15:15:49Z

Define 'lite' covenants.

← Older revision		Revision as of 15:15, 1 August 2015
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	''Long term funding''.		''Long term funding''.

	A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR ([[interest cover]] ratio) and [[gearing]] come into effect.		A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have fewer and less onerous ('lite') covenants, typically to conform to other loans of the same borrower.

			A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR ([[interest cover]] ratio) and [[gearing]] come into effect.

	Springing covenants are a form of [[contingent covenant]].		Springing covenants are a form of [[contingent covenant]].

imported>Doug Williamson: Expand as discussed with page author 26 July 2015.

2015-07-26T18:25:16Z

Expand as discussed with page author 26 July 2015.

← Older revision		Revision as of 18:25, 26 July 2015
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	A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR ([[interest cover]] ratio) and [[gearing]] come into effect.		A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR ([[interest cover]] ratio) and [[gearing]] come into effect.

			Springing covenants are a form of [[contingent covenant]].



			== See also ==
			*[[Incurrence covenant]]
			*[[Maintenance covenant]]

	[[Category:Long_term_funding]]		[[Category:Long_term_funding]]

imported>Doug Williamson: Link with Interest cover and Gearing pages.

2015-07-24T18:47:41Z

Link with Interest cover and Gearing pages.

← Older revision		Revision as of 18:47, 24 July 2015
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	Long ~~Term Funding~~		''Long term funding''.

	A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR and gearing come into effect.		A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR ([[interest cover]] ratio) and [[gearing]] come into effect.

	[[Category:Long_term_funding]]		[[Category:Long_term_funding]]

imported>Baseby2@msn.com at 12:57, 24 July 2015

2015-07-24T12:57:46Z

← Older revision		Revision as of 12:57, 24 July 2015
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			Long Term Funding

	A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR and gearing come into effect.		A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR and gearing come into effect.

	[[Category:Long_term_funding]]		[[Category:Long_term_funding]]

imported>Baseby2@msn.com: Loan covenant which is conditional

2015-07-24T12:46:49Z

Loan covenant which is conditional

New page

A covenant in a loan agreement which becomes effective on the occurrence of a certain event in the future. Used to enable loan agreements to have lite covenants, typically to conform to other loans of the same borrower. A common springing event is the level of utilisation of a loan facility at which time covenants such as ICR and gearing come into effect.

[[Category:Long_term_funding]]