covenant
/ˈkʌv.ə.nənt/
Definition
A formal, legally binding promise or agreement contained within a contract that requires a party to perform specific actions or adhere to certain conditions.
Etymology
The word originates from the Old French 'covenant,' which comes from the present participle of 'covenir' meaning 'to agree' or 'to assemble.' It shares roots with the Latin 'convenire,' signifying 'to come together.'
In the news
In this article, the term refers to the conditions stipulated in real estate and investment agreements that Realty Income must meet to move forward with acquiring specific assets. These agreements ensure that all parties comply with the standards set for the data center portfolio.
Realty Income Forms Programmatic Joint Venture with Cloud Capital and a Global Institutional Investor to Invest in Hyperscale Data Centers; Initial Seed Assets Valued at Over $6 Billion
Read the full article ↗PR Newswire