The lead enforcement authority1 may revoke or vary a prohibition order2 or a warning order3 on the application4 of the person5 in respect of whom the order was made6. The lead enforcement authority may refuse an application for the revocation or variation of a prohibition order if it considers that the applicant remains unfit to carry on any estate agency work7 at all or, as the case may be, estate agency work of the description which is prohibited by the order8, and may refuse an application for the revocation or variation of a warning order if it considers that
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
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