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。

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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。

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