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Yes of course it can, if a company breaks its covenant, and the bank declares the borrower's Loan(s) to be in default, the bank is entitled to take any number of actions to protect itself. At most severe, this could include demanding payment in full immediately, ceasing to advance new line of credit funds (working capital), repossession collateral, and legal action against the borrower.
Financial covenants are standards for the financial strength and performance of the borrower that serve as protections for both the bank and the borrower
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What is meant by marriage as covenant love?
Marriage as covenant love refers to the understanding that marriage involves a sacred and lifelong commitment between two individuals based on love, trust, and fidelity. It emphasizes the idea that marriage is a covenant or promise that goes beyond a legal contract, rooted in a deep bond of mutual care and support for each other.
What was the second covenant?
The second covenant was the one that God gave at Mount Sinai, which reinforced the covenant that God had given to Abraham, and told the Jews what they would have to do as their side of the covenant. God again promised to stay with the Jews and never to abandon them, because they were his chosen people. (see the related link)
How many covenant did god make?
In Christianity, there are several covenants that God made with humanity throughout the Bible. Some of the most notable covenants include the covenant with Noah (Genesis 9), the covenant with Abraham (Genesis 12), the covenant with Moses (Exodus 19), and the new covenant through Jesus Christ (Luke 22). Each covenant established a particular relationship between God and his people.
What is the first covenant?
The first covenant in the Bible is the covenant between God and Noah after the Great Flood, where God promises to never again destroy the world with a flood and establishes the rainbow as a sign of this covenant.
What is the sign of the covenant?
The outward sign was, and still is, the brit milah, which is the covenant of circumcision.Another outward sign of God's covenant with the Israelites is the Torah scrolls which the Israelites (Jews) possess. The scroll is called the Book of the Covenant (Exodus 24:4), the Ten Commandments are called the Tablets of the Covenant (Deuteronomy 9:9), and Judaism as a whole is called the Covenant (2 Kings 23:3). See also the Related Links.Link: More about Jewish circumcisionLink: Facts about the Torah-scrollLink: What is the covenant of the Israelites?
What was the symbol of the broken tablets?
The symbol of the broken tablets was the symbol of the covenant that Israel had broken.
What are something sin has broken?
Covenant with God
How was the covenant with Noah broken?
The covenant with Noah was broken when people turned away from God's ways and committed sins, going against the agreement to live in righteousness and obedience.
What if a covenant has been broken by multiple parties in a subdivision and nothing is being enforce Is the covenant still binding?
Generally, yes. There is usually a clause within the subdivision covenant that addresses that situation. You will need to keep in mind that there may come a day when the violators are given notice and will need to resolve any issues that violate the covenants. Other property have the right to the benefits of any provisions set forth in the original declaration.
What is the practice of members of a society such as the Amish ignoring a member of the community because he or she has broken an important covenant?
Shunning
What is meant by marriage as covenant love?
Marriage as covenant love refers to the understanding that marriage involves a sacred and lifelong commitment between two individuals based on love, trust, and fidelity. It emphasizes the idea that marriage is a covenant or promise that goes beyond a legal contract, rooted in a deep bond of mutual care and support for each other.
Is the covenant with israel really a peace covenant?
Yes, because a covenant means an agreement with God and the Torah describes an covenant.
What are three covenants?
The three major Jewish covenants are Noah's Covenant, Abraham's Covenant, the Mosaic Covenant (Moses' Covenant.)
Where is the arch of the covenant?
Where is the arch of the covenant?
Who did the Hebrews have a covenant with?
The covenant was with God.
What is the concept of the Jewish covenant?
The covenant between Jews and HaShem (The Creator) is referred to as "Avraham's Covenant". In terms of concept, there are several levels to this covenant.It refers to a material blessing: "I will make of you a great nation..."The promise by HaShem to safeguard Avrahams descendants and nurture them.The relationship between Avraham's descendants and the rest of humanity, Avraham became responsible for the physical and spiritual welfare of the entire world.There is also the 'brit milah' - male circumcision. It's with the brit milah that a Jewish male confirms the covenant that HaShem created with Avraham.Additionally, a covenant between man and HaShem is an eternal covenant, it cannot be broken or ended.Please see the related link for a detailed explanation.
A couple makes a lifelong what?
covenant
