The word 'covenant' is correct and usable in written English.
You can use it to refer to a formal agreement between two or more parties. For example, "The two sides agreed to the covenant and shook hands on their commitment."
It said: [Evraz] is seeking approval...of the holders of the notes to remove a covenant requiring the company to maintain the net leverage ratio at or below a specified level.
She saw herself as the custodian of the government's covenant, direction, tempo and temper – its quality controller, as well as leader.
The prime minister will also head a sub-committee on the armed forces covenant, the National Security Council, an implementation taskforce on immigration and another on tackling extremism.
The letter tells the king, Sheikh Hamad bin Isa al-Khalifa, that the charge and sentence "directly conflict with Bahrain's international commitments to the international covenant on civil and political rights (ICCPR)".
The Episcopalians of the United States have already breached the covenant and are consequently being asked to stay away from some pan-Anglican institutions.
The covenant requires Anglican churches to avoid causing controversy by actions (such as ordaining openly gay bishops) which are likely to offend their more old-fashioned brethren.
In the fourth quarter of last year, for instance, two forms of risky debt issuance payment-in-kind (Pissuance payment-in-kindlissuance payment-in-kindes last seen in 2007.
As Jeremy Stein of the Federal Reserve noted in February, speculative elements have returned to the markets, including "covenant-lite" loans and payment-in-kind debt (where interest is paid not as cash but as more debt).
The main obstacle is that the First Data deal "has all the bells and whistles of the bubble era", says another banker: it is, for instance, "covenant-lite" and offers lenders little protection.Banks would love to wriggle out of the most egregious deals, or at least get better terms.
The Huckabees, who have been married for 30 years, will renew their wedding vows at a mass "covenant-marriage" ceremony in a local sports arena.
And deals financed when bubble mentality was at its most frenzied often had so-called "covenant-light" loan agreements, which gave their bankers few rights to demand repayment.
