Liability management exercises · defined & tracked

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Lexicon

J.Crew blocker

Blocker

A covenant barring transfers of material assets, originally intellectual property, to unrestricted subsidiaries and barring designation of asset-holding subsidiaries as unrestricted.

Associated with J.Crew (2017)

Discussed at ¶¶ 7.14–7.19 of Liability Management Exercises: Law and Practice.