Translation: from english

Negative pledge clause

Look at other dictionaries:

  • Negative Pledge Clause — A negative covenant in an indenture stating that the corporation will not pledge any of its assets if doing so gives the lenders less security. Also be referred to as a covenant of equal coverage . A negative pledge clause is just another way for …   Investment dictionary

  • Negative pledge clause — 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. The New York Times Financial Glossary …   Financial and business terms

  • negative pledge clause — 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. Bloomberg Financial Dictionary …   Financial and business terms

  • negative pledge clause — Fin a provision in a bond that prohibits the issuer from doing something that would give an advantage to holders of other bonds …   The ultimate business dictionary

  • Negative pledge — Contract law Part o …   Wikipedia

  • negative pledge — A document or a provision in a document in which a borrower agrees not to give any creditor a security interest in identified property owned by the borrower. American Banker Glossary An agreement in which the borrower agrees not to pledge any of… …   Financial and business terms

  • Оговорка об отказе от залога активов — условие облигационного контракта, согласно которому заемщик обязан предоставить кредитору залоговое право, эквивалентное праву на удержание собственности, которое может быть предоставлено в будущем любым другим кредиторам, не имеющим гарантий в… …   Финансовый словарь

  • Negativ-Erklärung — Negative Pledge; Verpflichtung des Kreditnehmers, für andere gegenwärtige oder zukünftige Kreditverbindlichkeiten keine Sicherheiten zu bestellen; i.d.R. verbunden mit einer Pari Passu Clause …   Lexikon der Economics

  • List of law topics (N-R) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… …   Wikipedia

  • Loan agreement — A loan agreement is a contract entered into between which regulates the terms of a loan. Loan agreements usually relate to loans of cash, but market specific contracts are also used to regulate securities lending.Loan agreements are usually in… …   Wikipedia

  • South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

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