Sentence examples for negative pledge from inspiring English sources
noun
A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets). Hailed as a great innovation when developed in the 1970s, but by the end of the 1980s had become a dirty word.
The Boston Company, said Mr. Peters, was "the first big player with the negative pledge loans, and negative pledge loans became very significant in the last dozen years".
Negative pledge covenants protect bondholder claims on the earning power of a corporation's assets.
Negative pledge clauses were always used and asset sales were limited.
Mr. Klotzbier of Mellon and Ms. DiMarino of First Republic said they would continue to offer the negative pledge loans.
This is a "negative pledge", setting out what Cardiff may not do according to their responsibilities under the mortgage.
The negative pledge loans are basically mortgages written for strict co-op buildings with policies that prohibit such loans.
Mr. Gulati, 44, is a bond contract specialist who enjoys digging into the ins and outs of negative pledges, pari passu and other boilerplate arcana.
Team Clinton immediately pointed out that Bernie had (in their opinion) broken his non-negative pledge.
It's possible that Rounds and Hickenlooper would rather lose on their own terms than break their no negative ads pledge to win.
Critics are also quick to suggest that the language of the review, because it raised the possibility of using nuclear weapons against nations wielding biological or chemical weapons, would violate the Nuclear Nonproliferation Treaty's "negative" security pledge.
Mr. McCain explained after the debate that the flier was printed a few weeks ago, before his no-negative-ad pledge, and was apparently distributed by a campaign worker without his knowledge.
