Waiver
The voluntary process by which investors relinquish a contractual right (such as a covenant), usually by affirmative vote of at least a majority of the affected investors. The effect of granting a waiver is either that the issuer is not in breach of a contractual obligation or that the issuer can take an action that would otherwise be contractually prohibited.
- Parte del discurso: proper noun
- Industria/ámbito: Servicios financieros
- Categoría:
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