New feature: Customize your PLUS research experience with My Preferences. Learn more.
Skip to main content

Subordinated Indenture Negative Pledge Sample Clause


Book Publication Date: Nov 2014
Description: Debt and lien covenants, or negative pledges, are key to making sure a lender has priority and that the borrower does not take on more debt than they can repay. The sample clauses included here deal with negative pledges related to a subordinated indenture.
Type: Contract Clauses
PLI Item #: 128604
Practice Area: Corporate & Securities
Keywords: "priority debt covenant"; "attributable debt"; "exempted debt"; "funded debt"; "principal property"; "restricted subsidiary"; "negative pledge"; "sale and leaseback"; issuer; borrower; lender; "consolidated net tangible assets"; "high-yield indenture"; "principal manufacturing facility"; mortgage; "subordinated debt"; "pari passu indenture"

Thank you for exploring PLI PLUS.
The content on this page is only available to subscribers.

To learn more about PLI PLUS subscriptions
please click on the link below or contact us at PLUS@pli.edu.