High-Yield Indenture: Limitation on Asset Sales Covenant | Practical Law

High-Yield Indenture: Limitation on Asset Sales Covenant | Practical Law

A standard limitation on asset sales covenant, which may be inserted into an indenture governing high-yield debt securities. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.

High-Yield Indenture: Limitation on Asset Sales Covenant

Practical Law Standard Clauses 5-422-4433 (Approx. 11 pages)

High-Yield Indenture: Limitation on Asset Sales Covenant

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A standard limitation on asset sales covenant, which may be inserted into an indenture governing high-yield debt securities. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.