Multicurrency clause
Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date. |
Similar financial terms
Multicurrency loansGive the borrower the possibility of drawing a loan in different currencies.
Subordination clause
A provision in a bond indenture that restricts the issuer's future borrowing by subordinating the new lender's claims on the firm to those of the existing bond holders.
Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.
