How do I negotiate a covenant cure clause?
This article focuses on the borrower's request to introduce a covenant cure clause in bank or other financing agreements, analyzes its core advantages (such as a 10-30 day cure period), and shares practitioners' practical negotiation experiences and recommendations.
I would like my bank to add a clause that if I violate a covenant, I have 10-20-30 days to cure the violation, which has obvious advantages. Have any of you been able to get such a clause in your bank or other financing agreements?