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ABC Bank lent funds to x Y Z Company that included certain debt covenants. Those debt covenants may be used by ABC Bank to: designate

ABC Bank lent funds to

x Y Z

Company that included certain debt covenants. Those debt covenants may be used by ABC Bank to:

designate the composition of the board of directors.

designate limits or thresholds for specified financial ratios.

limit the amount a company can sell on account.

give an opportunity for the lender to increase the interest rate on a loan.

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