Covenant cure & default playbook

How do we respond to a leverage or interest-coverage breach without confusing modeled cure math with legal cure? Trigger phrases: covenant cure playbook, tripped debt covenant, covenant breach, equity cure, debt paydown. Produces: cited covenant cure alternatives and action playbook.

RBL Treasury And Structured Capital · Structuring · v1

Measured quality evidence

Quality lift unmeasured

Registry maturity does not prove response or artifact quality. No qualifying same-model skill-on versus no-skill improvement has been verified.

Required comparison: same model with this skill enabled versus the same model without the skill.

Inputs and output

Required inputs

Breach Date Iso
Cash Interest
Covenant Certificate
Covenant Evidence Review
Credit Agreement
Deal ID
Ebitda
Financial Statements
Source Documents
Source Spans
Total Debt

Optional inputs

Amendments
Basin
Cash
Covenant Markdown
Cure History
Deal Name
Lender Correspondence
Max Leverage
Min Interest Coverage
Notable Risks
Terms

Required source documents

Covenant Certificate
Credit Agreement
Financial Statements

Expected outputs

Covenant Cure Playbook

Buyer-profile access

Policy visibility is not execution proof. Authentication is checked before a run.

Available

Read-only connection

The skill entry point is callable. Any downstream write or external action is checked separately.

Available

Partner workspace

The skill entry point is callable. Any downstream write or external action is checked separately.

External-action review

Review review applies before a consequential external or binding action. Analysis and working artifacts remain available before that review.

Review item

This is review guidance for a later external or binding action. Supported analysis and a working artifact remain available with the review item attached.

Applies before: external release

Review item

This is review guidance for a later external or binding action. Supported analysis and a working artifact remain available with the review item attached.

Applies before: external release

Input gaps and limits

Dependent input gaps

Covenant Markdown is missing or unverified: The dependent calculation remains open. CRUX returns the other supported work and names the exact input needed.
Cash, Max Leverage, Min Interest Coverage, Terms are missing or unverified: The dependent calculation remains open. CRUX returns the other supported work and names the exact input needed.

Known limitations

Preview capability: useful but incomplete eval or SME coverage; human review required.
Do not use for routine borrowing-base sizing or redetermination, payment defaults, cross-defaults, minimum-liquidity/FCCR covenants, legal notice, waiver drafting, lender communication, or a legal conclusion that a Default/Event of Default exists or has been cured.

Relationships

Outcome agents

structured-capital

Workflow-registry jobs

No workflow relationship is declared.

Use this skill

Authentication and the required buyer profile are checked before any work runs.