Negative Pledge Clause A negative covenant in an indenture, it states that the corporation will not pledge any of its assets if doing so would give the lenders less security.
负抵押条款契约中的负面条款，声明若资产抵押会减少贷款方抵押价值，则借贷方不可进行这项抵押。
The covenants clause is composed of sub-clauses such as negative pledge, pari passu, financial covenant and so on.
＂约定事项＂包括众多分条款，如消极担保、比例平等、财务约定事项等。
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