Negative Pledge

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Definitions
Negative Pledge
Negative Pledge Loan Agreement Borrower Covenant Secured Borrowings Loan Security Credit Agreement Finance Terms Risk Management
A covenant in a loan agreement wherein the borrower commits to refrain from securing new borrowings during the loan's term or ensures equal and rateable security for any new borrowings, as specifically defined.
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Definitions
Non-Ratio Covenant
Non-Ratio Covenant Loan Agreement Covenants Finance Dividends Guarantees Asset Disposal Ownership Change Negative Pledge
A non-ratio covenant is a form of covenant in a loan agreement that includes conditions relating to the payment of dividends, the granting of guarantees, disposal of assets, change of ownership, and a negative pledge.
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