Låneakkorder

Låneakkorder, or loan covenants, are conditions or restrictions that a borrower must agree to as part of a loan agreement. These covenants are put in place by the lender to protect their investment and ensure the borrower's ability to repay the loan. They can be broadly categorized into two types: positive covenants and negative covenants.

Positive covenants require the borrower to take certain actions. Examples include maintaining specific financial ratios, such as a debt-to-equity ratio below a certain threshold, or providing regular financial statements to the lender. These actions are intended to demonstrate the borrower's ongoing financial health and commitment.

Negative covenants, on the other hand, prohibit the borrower from taking certain actions without the lender's consent. Common examples include restrictions on taking on additional debt, selling significant assets, or paying dividends to shareholders. These covenants are designed to prevent actions that could weaken the borrower's financial position or jeopardize the lender's repayment security.

Failure to comply with loan covenants can have serious consequences for the borrower. Depending on the severity of the breach and the terms of the loan agreement, a lender may have the right to accelerate the loan, meaning the entire outstanding balance becomes immediately due. They might also impose penalties, increase interest rates, or even seize collateral. Therefore, understanding and adhering to låneakkorder is crucial for any borrower.