Negative pledge
Negative pledge is a provision in a contract which prohibits a party to the contract from creating any security interests over certain property specified in the provision. Negative pledges often appear in security documents, where they operate to prohibit the person who is granting the security interest from creating any other security interests over the same property, which might compete with (or rank pari passu with) the security of the first secured creditor under the security document in which the negative pledge appears.
primaryTopic
Negative pledge
Negative pledge is a provision in a contract which prohibits a party to the contract from creating any security interests over certain property specified in the provision. Negative pledges often appear in security documents, where they operate to prohibit the person who is granting the security interest from creating any other security interests over the same property, which might compete with (or rank pari passu with) the security of the first secured creditor under the security document in which the negative pledge appears.
has abstract
Die Negativerklärung oder Nega ...... mit § 16 Abs. 2 Satz 1 UmwG).
@de
Klauzula negative pledge - pos ...... iania zabezpieczeń rzeczowych.
@pl
Negative pledge is a provision ...... assets in an event of default.
@en
Wikipage page ID
Wikipage revision ID
741,155,102
hypernym
comment
Die Negativerklärung oder Nega ...... s der Non-Financial Covenants.
@de
Klauzula negative pledge - pos ...... ługu w rejestrach publicznych.
@pl
Negative pledge is a provision ...... h the negative pledge appears.
@en
label
Klauzula negative pledge
@pl
Negative pledge
@en
Negativerklärung
@de