(A) A postclosing solvency covenant shall not be used, directly or indirectly, as a nonrecourse carveout or as the basis for any claim or action against a borrower or any guarantor or other surety on a nonrecourse loan. (B) A provision in the documents for a nonrecourse loan that does not comply with division (A) of this section is invalid and unenforceable.
Use of postclosing solvency covenant
Ohio Rev. Code Ann. § 1319.08, under Chapter 1319 | Miscellaneous Credit Transactions.
Ohio Rev. Code Ann. § 1319.08