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Negative Pledge Clause: Definition, How It Works, Pros & Cons
https://www.investopedia.com/terms/n/negativepledgeclause.asp
WEBMay 22, 2022 · A negative pledge clause is a type of negative covenant that prevents a borrower from pledging any assets if doing so would jeopardize the lender’s security. This type of clause may be part of...
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Negative Pledge - Overview, Purpose, Characteristics
https://corporatefinanceinstitute.com/resources/valuation/negative-pledge/
WEBThe negative pledge is a clause in a loan agreement that states that the debtor does not encumber specific debtor assets, which can be called the “collateral,” until the loan is repaid. In the case of a secured loan, it will allow the creditor to control the debtor’s subsequent borrowings.
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What Is a Negative Pledge Clause? - The Balance
https://www.thebalancemoney.com/what-is-a-negative-pledge-clause-5222743
WEBJun 17, 2022 · Definition and Example. How a Negative Pledge Clause Works. Pros and Cons of a Negative Pledge Clause. Photo: Maskot / Getty Images. A negative pledge clause warns borrowers against using the same collateral with multiple lenders. The clause gives the lender legal recourse if you violate the agreement.
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Negative Pledge Clause: Definition, How It Works, Pros & Cons
https://livewell.com/finance/negative-pledge-clause-definition-how-it-works-pros-cons/
WEBDec 29, 2023 · What is a Negative Pledge Clause? A negative pledge clause is a legal provision that restricts the borrower from pledging specific assets as collateral to other lenders. It is typically included in loan agreements and bond issues to protect the interests of the primary lender or bondholder. How Does a Negative Pledge Clause Work?
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Negative pledge - Wikipedia
https://en.wikipedia.org/wiki/Negative_pledge
WEBNegative pledge clauses are almost universal in modern unsecured commercial loan documents. The purpose is to ensure that a borrower, having taken out an unsecured loan, cannot subsequently take out another loan with a different lender, securing the subsequent loan on the specified assets.
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Negative Pledge - Overview, Purpose, Characteristics, and Example
https://www.wallstreetoasis.com/resources/skills/deals/negative-pledge
WEBNegative Pledge restricts debtors from using assets with liabilities as collateral or pledging the same asset multiple times. A negative pledge can lead to a priority shift in debt repayment, favoring the lender, as it limits the borrower's ability to acquire more debt using the same collateral.
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Negative Pledge Pros and Cons | The National Law Review
https://www.natlawreview.com/article/negative-pledge-pros-and-cons
WEBApr 10, 2016 · Negative Pledges give the Lender a cause of action but do not grant the Lender any rights in the assets themselves. As a result, third parties are not bound by a Negative Pledge between a...
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Understanding Negative Pledge Clauses in Finance: Mechanisms
https://www.supermoney.com/encyclopedia/negative-pledge
WEBMar 15, 2024 · A negative pledge clause, an integral part of loan contracts, serves as a protective mechanism preventing borrowers from jeopardizing a lender’s security by pledging assets elsewhere. Often termed “covenants of equal coverage,” it maintains lenders’ priority during default scenarios.
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Negative Pledge Clause Definition & Example | InvestingAnswers
https://investinganswers.com/dictionary/n/negative-pledge-clause
WEBSep 29, 2020 · A negative pledge clause is lending agreement language designed to prevent borrowers from pledging the same collateral to multiple lenders or otherwise taking actions that might jeopardize the security of existing …
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Negative pledges | Practical Law - Westlaw
https://content.next.westlaw.com/practical-law/document/If375dbc9e81911e398db8b09b4f043e0/Negative-pledges?viewType=FullText&contextData=(sc.Default)
WEBSep 1, 1999 · Negative pledges | Practical Law. by Presley Warner, Freshfields. Published on 01 Sep 1999 • United Kingdom. A negative pledge is a promise by a borrower not to give security over his assets to someone else. It is a device to protect the position of someone taking credit risk on someone else.
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