Negative Pledge Clause A negativecovenant 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。
2
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。
3
The covenant is that all nobles agree to performs his or her duties and obligations as prescribed in the positive and negative Harmonious Golden Virtues or Win-win principle.