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Which of the following is not an example of commercial mortgage covenant: If the borrower sells a large portion of its assets, it must notify
Which of the following is not an example of commercial mortgage covenant:
If the borrower sells a large portion of its assets, it must notify the lender tens day before the sale. | ||
A restriction on the amount of dividends the firm can pay its shareholders | ||
The borrower must file periodic GAAP reports with the lenders demonstrating compliance with the loan agreement. | ||
The borrower must notify the lender if it becomes involved in a lawsuit. |
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