{"iri":"http://lmss.sali.org/RD0k9FMiaDhDD2ymOcxvUMP","id":"RD0k9FMiaDhDD2ymOcxvUMP","label":"Negative Pledge Agreement","definition":"A \"Negative Pledge Agreement\" is a contractual clause or standalone agreement where a debtor promises not to encumber assets with liens, or offer them as collateral, without the consent of a specific creditor. This agreement aims to protect the unsecured creditor's interests by limiting the debtor's ability to further secure its assets to other creditors.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RDt4vQCYDfY0R9fZ5FNnTbj","label":"Document / Artifact"},"parents":[{"iri":"http://lmss.sali.org/R7ddsah86bL3tQ5OmO9B7PB","id":"R7ddsah86bL3tQ5OmO9B7PB","label":"Debt Supplemental Agreement"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RD0k9FMiaDhDD2ymOcxvUMP/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}