Exact(2)
Many such loans are issued as senior-secured debt by stronger borrowers, making many of them safer than sub-prime residential mortgages.Buy-outs financed by covenant-lite loans are less likely to fail early (there are, after all, no covenants to break as the company deteriorates).
But if they are among the 144 Mitchell-Lama projects finished after that date, owners are free to set whatever rents they wish, provided they pay up their mortgages and fulfill other conditions, including proving there were no covenants in the deeds restricting use of the land.
Similar(58)
"You get no covenant not to sue if you chose Oracle".
It is permitted to strike the nonbeliever who has no covenant until he reveals the news, information, and secrets of his people.
"You must utterly destroy them; you shall make no covenant with them, and show no mercy to them" (Deuteronomy 7 2).
The logical endpoint of that thinking is that adherents must either migrate to Islamic lands - or resort to violence because there is no "covenant of security" protecting them and their people.
There is no covenant from the Creator to promise a future redemption".
The debt that is available is no longer "covenant lite", and is likely to be forthcoming only for buyers who are willing to pay a large chunk of the purchase price with their own equity.
They used well-orchestrated disruptions to block judges from making unjust decisions, to stop sheriffs from foreclosing on properties, and to enforce no-buy covenants when properties went up for auction.
The vote was bipartisan, and the treaty was ratified with no restrictive covenants, in accordance with the agreement reached in Moscow on Jul.
However, Glencore responded with a robust statement, claiming it had "no debt covenants and continues to retain strong lines of credit and secure access to funding".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com