Sentences with phrase «loan covenant breaches»

The investment manager should also outline the key terms of any loans the scheme has and tell you if they have broken any promises made in loan agreements (called «loan covenant breaches»).

if they have broken any significant promises made in loan agreements (called «loan covenant breaches»)

Not exact matches

The company hasn't breached any covenants yet, it said, but if it is found to be in breach, the lenders could force it to pay back the entire loan immediately, which could force Toys R Us into liquidation.

On February 21, CNBC reported that Toys «R» Us was at risk of breaching a covenant on a $ 3.1 - billion debtor - in - possession loan.

RadioShack on Tuesday rejected lender Salus Capital's claim that it breached covenants on a $ 250 million term loan.

The slump into the red triggered a breach of its loan covenant with National Australia Bank and a January 30 deadline to patch up its margins and provide a strategy to slim down its cost structure.

Leveraged buyout loans are subject to greater credit risks than other investments, including a greater possibility that the borrower may default or enter bankruptcy and may be «covenant lite» loans, which do not include terms that allow the lender to monitor the performance of the borrower and declare a default if certain criteria are breached.

an independent valuation of properties used for loan security is obtained before making or renewing a loan and within two months of directors forming a view of a likelihood that a security property value decrease may have caused a material breach of a loan covenant, and

whether the company has defaulted on any current or previous debt obligations, or has breached any conditions on its loans (loan covenants), and

This month, Standard & Poor's lowered its outlook on Tata Power from stable to negative because of a loan - covenant breach on its Mundra project, which is only partly completed.