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protective covenant
(redirected from Bond covenant)

    Also found in: Financial 0.03 sec.
protective covenant
1. An agreement, in writing, which restricts the use of real property.
2. A restriction, which affects the use of real property, that appears in a legal document conveying title to the property.
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Hammerson, the country's fourth-largest property company, will raise pounds 580m and warned that without extra funding it was likely to breach the terms of its bank and bond covenants.
Property firms unveil their rights issues by The Journal (Newcastle, England)
While the Turnpike Authority has imposed scheduled toll increases every six years to meet those Big Dig bond repayment increases since the late 1990s, a new toll hike in January would come five years before the current bond covenants require the next scheduled toll increase.
100 Pike toll takers to lose jobs; Big Dig costs drive decision; Fast ... by Telegram & Gazette (Worcester, MA)
A recent joint publication, issued by the National Association of Bond Lawyers and the Government Finance Officers Association, offers a suggested post-issuance compliance check list to adhere to minimum IRS and related bond covenant requirements at www.
IRS compliance checks and audits continue by Berger, Harvey / The Non-profit Times
 
 
 
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