Enter to open, tab to navigate, enter to select
Financial covenants: capital expenditure restriction
Practical Law UK Standard Clause 4-504-1159 (Approx. 9 pages)
Financial covenants: capital expenditure restriction
| Maintained • , England, Wales |
Standard clauses restricting capital expenditure (or capex) by a borrower and its group, together with related definitions for use in a facility agreement (or loan agreement). Integrated drafting notes are included that explain the law behind, and commercial reasons for, the clauses and related definitions.