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Covenants Restrictions Sample Form

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Instructions and help about covenants subdivision georgia

hello and welcome to this session in which we will discuss debt Covenant debt Covenant is a topic close to my heart for two reasons one I was a loan officer at some point and as a loan officer as a lender I went over that Covenant with clients explaining to them what needs to be done in order to be in compliance with the loan on the other hand I work as a CPA and as a CPA I prepared financial statement for the sole purpose of making make sure the customer the client is in compliance with with that Covenant therefore I'm familiar with that Covenant from both ends but let's start this talk about debt Covenant what is a debt Covenant well let's read it first it's a provision or a clause simply put a paragraph certain paragraph in a loan or the Deb agreement that specify certain action the borrower must take they are required to do or refrain from taking or they cannot do as a condition of the alone when they must take they must do this it's called a

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