Chapter Two: The Negative Pledge Clauses in Project Assets Security.

第二章：项目资产担保中的消极担保条款。

youdao

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。

youdao

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。

youdao

While the community provided an ideal backdrop for Ryan to emphasize the campaign pledge to preserve Medicare, the campaign drew some negative publicity this week for its ties to Morse.

FORBES: Developer of The Villages One of Romney's Biggest Boosters

Is the World Bank satisfied that its "negative pledge" concerns have been met?

CENTERFORSECURITYPOLICY: Center for Security Policy | The Brody Confirmation: Will Eximbank Be Allowed To Go The Way Of A Scandal-Ridden CCC?

This created an opening for Obama, who had been somewhat constrained by his own pledge to be the candidate of "change, " and by implication, not to go negative.

NPR: Last-Minute Attack Ads Unleashed in Pennsylvania