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The borrower is to:
Maintain satisfactory accounting records in accordance with generally accepted accounting principles
Periodically supply audited financial statements that the lender uses to monitor the firm and enforce the debt agreement
Pay taxes and other liabilities when due
Maintain all facilities in good working condition
Maintain a minimum level of net working capital. Net working capital below the minimum is considered an indication of inadequate liquidity
Dana05 answered the question on July 15, 2019 at 15:24
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