Which of the Following Are Common Protective Covenants

Protective covenants are classified as either positive and negative covenants. The general purpose of protective covenants is to help protect the.

Negative Covenants Types Bonds Restrictive Covenant Examples

The firm must not issue additional long-term debt.

. DECLARATION OF PROTECTIVE COVENANTS CONDITIONS. Protective covenants are offered for the benefit of common stockholders. GENERAL PROTECTIVE COVENANTS 401 Residential Use 402 Home Business Use.

Same shall also apply to additions to existing Properties unless the Developer shall specifically exempt from these Protective Covenants such additions or a portion thereof in the Supplemental Declaration by which the Developer subjects such additions to this Declaration. The firm cannot pledge any assets to other lenders. The instrument used for recording restrictive convenants is.

LAND CLASSIFICATIONS AND PROPERTY RIGHTS 301 Land Classification 302 Property Rights. To protect the interests of the company. Common Interest Ownership Act.

Limits on the sale of assets. All of the above. This Amendment to the Declaration of Protective Covenants Conditions and Restrictions of Smuggler.

01 Limit future borrowing O2 Call provision O3 Sinking fund provision 04 Convertible feature 20. Of the following provisions or protective covenants that might be found in a bond indenture which would tend to increase the coupon interest rate on the bond in question. Some of the more common protective covenants found in Canadian corporate bonds from ENGL V01 at Laurentian University.

These Protective Covenants shall apply to all of the Existing Properties. Sets found in the same folder. Subdivision and Common Areas according to the general plan and for all such properties to be subject to the Original Declaration and the protective covenants easements equitable servitudes liens and charges as described therein.

Maintenance of the Common Area. NOTARY CLAUSE ON FOLLOWING PAGE. Which of the following is not mentioned in the text as a protective covenant.

Protective covenant in business. Which of the following would be considered as a positive protective covenant. Lenders from early calls of their bonds.

Subdivision the Declaration flkJa Smuggler Mobile Home. Common Property may consist of any interests in. Declarant hereby makes and declares the following limitations restrictions easements requirements burdens benefits limitations and uses upon and of the Property and all parts thereof.

List of Debt Covenants. For example a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. Lenders from company actions contrary to the lenders benefit.

Which of the following are examples of covenants in loan contracts. Below is a list of the top 10 most common metrics lenders use as debt covenants for borrowers. Companies may take advantage of off-balance-sheet disclosures to evade the constraints of protective covenants.

PROPERTIES SUBJECT TO THESE COVENANTS 201 Properties Subject to These Covenants ARTICLE III. Common trend seems to be between 3 months and a year. The firm must not pay dividends to common stockholders.

All of the following statements about land use controls are correct EXCEPT. Until January 1 of the year immediately following the conveyance of the first Lot to an Owner the maximum annual assessment shall be Twenty-Five and 00100 Dollars 2500 per Lot. A From and after January 1 of the year immediately following the.

Learn vocabulary terms and more with flashcards games and other study tools. They are enforceable even though not recorded. Thus a protective covenant safeguards a lending institutions interests during a loan term investment credit or mortgage.

A a limit on the amount of dividends a firm can pay B a limit on the corporate officers salaries a firm can pay C the amount of additional debt a firm can issue D the appointment of a trustee in all bond indentures E All of these are mentioned in the text as. Protective covenants running with the land binding upon Declarant its successors and assigns and all. A bond covenant that requires the issuer to take certain actions.

Company in the case of rapid growth. Private Area ARTICLE IV. Company in the case of rising interest rates.

Its purpose is to limit a companys scope of action on a specific property. An indentures or loan agreements section or paragraph can contain a protective covenant. Shareholders will assume the firms common stock is undervalued but if a firm issues _____ shareholders will assume the firms common stock is overvalued.

Making a single-sum payment at final maturity. Declarant has also established the DEER SPRINGS RANCH OWNERS ASSOCIATION INC. Bonds with protective covenants sell at a higher price than bonds without such protection for their investors.

Protective covenants are offered for the. Courts may on grounds of public policy refuse to enforce any further protection based on a restrictive covenant. Common Area 303 Property Rights.

DebtEBITDA Ratio The net debt to earnings before interest taxes depreciation and amortization EBITDA ratio measures financial leverage and a companys ability to pay off its debt. Start studying Restrictive covenant. All of the following statements about restrictive covenants are correct EXCEPT.

The firm must pay dividends to shareholders on time. More commonly a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits.

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