{"iri":"https://folio.openlegalstandard.org/RD0k9FMiaDhDD2ymOcxvUMP","label":"Negative Pledge Agreement","sub_class_of":["https://folio.openlegalstandard.org/R7ddsah86bL3tQ5OmO9B7PB"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R3bU74bKrSAyu2rkZ4SZEa","https://folio.openlegalstandard.org/RCdjeyRaYgHqnJ1OOQMd6Wz"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"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.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}