Debt Covenant Policy

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Debt Covenant Policy

This policy sample sets forth appropriate guidelines for monitoring and complying with debt covenants related to financing activities.

In this example, whenever equity financing or short or long-term debt is required to fund company operations or whenever there are transactions which would contingently obligate the company, corporate treasury must be contacted to arrange and/or approve all terms, conditions and financial covenants. The legal department must approve the legal form on all instruments, documents or agreements relating to financing, indebtedness and contingent obligations.

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