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Merger Restrictions

Category — Covenants
The goal of the covenant is to limit mergers, consolidations and sales of substantially all assets to prevent a business combination in which the resulting entity is not financially healthy, as measured by the Fixed Charge Coverage Ratio. The covenant prohibits the Issuer from merging with or consolidating into another entity, or transferring all or substantially all of the Credit Group’s assets to another entity
Terms from the same category