Does any lender hold security over the company's assets or IP, or have a right to approve asset sales or IP dispositions?
Loan documents checked; the data licence is a permitted disposition or outbound licence, or the lender consented in writing.
Dated 17 Sep 2024Source checked 17 Sep 2024Page out of reach at the last check, 16 Oct 2026Basis: stated
In the source's own words
“agrees not to grant a security interest in its intellectual property to anyone else (lenders watch the disposition or asset sale covenant for borrowers using it to dispose of material intellectual property)”
Where it was read
What it is about
Figures it counts in
It is shown on its own, not counted into a figure.
Cited in this guide