Debt Covenant
Debt covenants are clauses in the loan agreement with which the borrower guarantees to comply. Typical examples are: equity or leverage ratios; interest coverage ratios; or material adverse change clauses.
Grace Period
IFRS: No. The lender needs to provide its agreement by the end of the reporting period. Therefore, the liability must be presented as current if the lender’s agreement is received after the reporting date.
Waiver
Verzicht
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