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What is not an example of a positive loan covenant? a.The requirement to provide audited financial statements to the bank b.A requirement to properly maintain
What isnotan example of a positive loan covenant?
a.The requirement to provide audited financial statements to the bank
b.A requirement to properly maintain or insure any property that has been usedas security under the terms of the loan.
c.A prohibition on paying dividends for the next 3 years.
d.A requirement to maintain a debt:equity ratio of 1.5
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