A bond covenant that restricts in some way a firm's ability to merge or consolidate with another firm.
LIMITATION ON MERGER¸ CONSOLIDATION¸ OR SALE
Meaning of LIMITATION ON MERGER¸ CONSOLIDATION¸ OR SALE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012