Negative Pledge Clause

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.

Class Information

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Identification

Label (rdfs)
Negative Pledge Clause
Preferred Label
None
Alternative Labels
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Identifier
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Definition and Examples

Definition
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.
Examples
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Translations

fr-fr
Clause de non-cession
es-es
Cláusula de no gravamen
es-mx
Cláusula de no gravamen
pt-br
Cláusula de não-oneração
en-gb
Negative Pledge Clause
de-de
Negativverpflichtungsklausel
he-il
סעיף התחייבות שלילית
hi-in
नकारात्मक अधिवेशन शर्त
ja-jp
ネガティブ・プレッジ・クローズ
zh-cn
负面抵押条款

Class Relationships

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Additional Information

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Deprecated
False

Metadata

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