Interest cover covenant included as a financial covenant and that covenant is to be tested on a historical basis. The definition sets out how Historical Interest Cover is calculate ...

Undertakings given by borrowers to lenders in a loan agreement to ensure lenders have the information they need, such as financial statements, compliance certificates and a duty to ...

Dates on which lenders receive interest payment on the debt instrument they hold. Interest payment dates are usually set at the outset and usually correlate closely to rental quart ...

The period over which the interest due to the lender under a debt instrument agreement is calculated.

Annual cost of borrowing paid by the borrower to the lender on the outstanding loan balance. Typically expressed as a percentage.

The account the borrowermay be required to maintain, principally used to establish a cash reserve which must be used for interest payment shortfalls under the loan. 

A loan that must be used for capital expenditure (i.e. investment in physical assets such as land, buildings and equipment).

Debt that has a lower priority for repayment than first ranking debt claims in the case of a borrower's default. It is a type of subordinated debt.

Document that outlines key sustainability attributes and risks related to the specific loan.

Payment made as compensation to lender for unpaid interest arising due to early payment of outstanding loan principal, refers to the make-whole provision.