Extract the covenant package into a monitoring table
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- From the facility, list financial covenants, information undertakings, negative pledges and events of default with testing dates, definitions and cure periods.
- What the lawyer must review
- Check definitions that feed the covenants (EBITDA, net debt, permitted distributions)
- Check them against schedules and side letters
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the facility, list financial covenants, information undertakings, negative pledges and events of default with testing dates, definitions and cure periods. |
| Lawyer | Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Verify every relied-on citation, figure and name against the source document.
- The responsible lawyer approves the exact version before use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Borrower’s waiver and amendment request letter, lender consent letter and covenant compliance certificate | Letter | AI use Yellow | Three linked documents for a facility under stress or a change in the business: a borrower’s request for a waiver or amendment, the lender’s conditional consent letter, and a compliance certificate showing covenant calculations and confirming whether any default is continuing. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.