Frequent General Provisions Working capital requirement Cash dividend and repurchase of common stock restriction Capital expenditures limitation Limitation on other indebtedness 21-11
21-11 Frequent General Provisions Working capital requirement Cash dividend and repurchase of common stock restriction Capital expenditures limitation Limitation on other indebtedness
Frequent Routine provisions Furnish financial statements and maintain adequate insurance to the lender Must not sell a significant portion of its assets and pay all liabilities as required Negative pledge clause Can not sell or discount accounts receivable Prohibited from entering into any leasing arrangement of property Restrictions on other contingent liabilities 21-12
21-12 Frequent Routine Provisions Furnish financial statements and maintain adequate insurance to the lender Must not sell a significant portion of its assets and pay all liabilities as required Negative pledge clause Can not sell or discount accounts receivable Prohibited from entering into any leasing arrangement of property Restrictions on other contingent liabilities