Common use of Special Commitments Clause in Contracts

Special Commitments. As long as Borrower is the debtor of the Bank or liable to be under this agreement: I - Borrower may not, without the agreement of the Bank: - carry out, especially in the form of assignment or contribution to a company, a transaction causing a reduction of one quarter of its fixed assets versus their value on the day of this operation; - give a surety on real estate properties, the goodwill (including trademarks) and its securities portfolio;