# Negative Pledge Agreement

**IRI:** https://folio.openlegalstandard.org/RD0k9FMiaDhDD2ymOcxvUMP

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R7ddsah86bL3tQ5OmO9B7PB

## See Also

- https://folio.openlegalstandard.org/R3bU74bKrSAyu2rkZ4SZEa
- https://folio.openlegalstandard.org/RCdjeyRaYgHqnJ1OOQMd6Wz

**Deprecated:** False