Project finance facility provisions: covenants (operational undertakings) | Practical Law
This standard clause document is one of a two-part suite of standard clauses containing undertakings (also known as covenants) for use in a project finance facility agreement (or loan agreement). This standard clause document contains positive and negative operational undertakings. A second standard clause document contains undertakings relating to information, budget preparation, reporting and access requirements typically found in a project finance facility agreement.