Loan Agreement: Affirmative Covenants | Practical Law
A Practice Note analyzing affirmative covenants typically found in a loan agreement, including the nature and purpose of those common affirmative covenants. This Note includes covenants on financial reporting, other reporting obligations, legal and contractual compliance, property maintenance, insurance requirements, environmental compliance, inspection of property, books and records, additional collateral requirements and additional subsidiary requirements, and other affirmative covenants required under the loan agreement.