A positive covenant to an indenture or loan agreement would: A.set a condition the company must follow
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Question:
A positive covenant to an indenture or loan agreement would:
- A.set a condition the company must follow such as not pledge any assets to other lenders.
- B.set a condition that the company must follow such as providing regular (periodic) financial statements to the lender.
- C.set a condition that the trustee can eliminate sinking fund payments.
- D.allow the trustee to call the bonds in.
- E.allow the company to pay dividends only semi-annually.
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