Title

Judgment Call: Don't become a basket case

Created date

10/25/2013

The Deal Pipeline, October 25, 2013

 

In negotiating debt covenants, lenders should avoid several common reclassification traps. Some are bargained for, others may be accidental. A few recent precedents reflect that in this area the contractual provisions are sometimes not what they seem and may have unintended and consequential meanings buried under the otherwise straightforward language.

 

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