Negative Pledge Clause

A Negative Pledge Clause is a provision in a contract that prohibits a party from creating any new liens or encumbrances on their assets, which could negatively affect the other party's security interest.

IRI: http://lmss.sali.org/RCdjeyRaYgHqnJ1OOQMd6Wz
Branch: Objectives

Also known as

Clause de non-cession, Cláusula de no gravamen, Cláusula de no gravamen, Cláusula de não-oneração, Negative Pledge Clause, Negativverpflichtungsklausel, סעיף התחייבות שלילית, नकारात्मक अधिवेशन शर्त, ネガティブ・プレッジ・クローズ, 负面抵押条款

Ancestry path

Objectives Transactional Objectives Contractual Clause

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