Negative Pledge Clause
What is it? A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.Added By: Matthew
The Negative Pledge Clause definition has been viewed 209 Time(s)!
Send To Friends!
If you'd like to send the Negative Pledge Clause definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Negative Pledge Clause. If you need any more information on this term, please don't hesitate to contact us.