Clause in bond agreements that requires the issuer of the bond to take on additional debt, if necessary, to finance the completion of a project. Typically, the issuer of a bond repays lenders using revenue generated from a completed project. A project completion restriction requires the issuer to take on whatever additional debt is needed to complete a project so that it can generate revenue. This type of clause is used mainly in municipal bond agreements.
Related information about project completion restriction:
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A type of clause, seen most often in municipal bond indentures, which requires the issuing party to sell debt securities (often in the form of revenue bonds) to ...
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Definition of project completion restriction: Clause in bond agreements that requires the issuer of the bond to take on additional debt, if necessary, to finance the ...
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Mentioned in these terms. deed restrictions · Bank Restriction Act of 1797 · building restrictions · declaration of restrictions · project completion restriction ...
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Project completion restriction. A type of clause, seen most often in municipal bond indentures, which requires the issuing party to sell debt securities (often in the ...
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