---
title: "Extract the covenant package into a monitoring table"
url: "https://ailawframework.com/practice/banking-and-finance/extract-the-covenant-package-into-a-monitoring-table"
type: "task"
site: "AI Law Framework"
id: "A3-A20260923-1"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "green"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Extract the covenant package into a monitoring table

> From the facility, list financial covenants, information undertakings, negative pledges and events of default with testing dates, definitions and cure periods.

Canonical page: https://ailawframework.com/practice/banking-and-finance/extract-the-covenant-package-into-a-monitoring-table  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Green: AI drafts, lawyer checks |
| 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 / versions | 1 jurisdiction versions below |

## Checking plan

Check definitions that feed the covenants (EBITDA, net debt, permitted distributions) against schedules and side letters.

- What the AI does: From the facility, list financial covenants, information undertakings, negative pledges and events of default with testing dates, definitions and cure periods.
- What the lawyer does: Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use.
- Basis: Suggested checking approach based on the task guidance. Complete the assessment for the actual tool, information and jurisdiction.

## Checks the lawyer makes

1. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
2. Verify every relied-on citation, figure and name against the source document.
3. The responsible lawyer approves the exact version before use.

## Sources

- [Boston Bar Journal: Using Generative AI in Your Transactional Legal Practice](https://bostonbar.org/journal/using-generative-ai-in-your-transactional-legal-practice/) (checked 2026-09-23)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [US contractual covenant compliance certificate](https://ailawframework.com/precedents/banking-and-finance/us-covenant-compliance-certificate.md) | Letter | Yellow | A contractual certificate that the borrower completes against covenants extracted from the facility. It is not a statement under penalty of perjury and it does not decide a default. |
| [Borrower’s waiver and amendment request letter, lender consent letter and covenant compliance certificate](https://ailawframework.com/precedents/banking-and-finance/waiver-request-and-compliance-certificate.md) | Letter | 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… |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/banking-and-finance/extract-the-covenant-package-into-a-monitoring-table/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*