Series 7: 3.5.2.1.2. Additional Bonds Covenant

Taken from our Series 7 Online Guide

3.5.2.1.2. Additional Bonds Covenant

The additional bonds covenant requires the issuer to demonstrate that its expected revenue stream is sufficient to cover both existing and proposed debt service. Before making a new issue of a bond, the issuer must provide a financial statement that dem

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Since you're reading about Series 7: 3.5.2.1.2. Additional Bonds Covenant, you might also be interested in:

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