The 'Affirmative' Negative Pledge - Stone, J.B.
Issues arising from the use of charging provision clauses in negative pledges are discussed in this article. These clauses are an attempt by lenders to 'prevent losing their priority to third parties who have received charges in breach of the negative pledge'. J.I.B.L. 1991, 6(9), 364-370
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The 'Affirmative' Negative Pledge - Stone, J.B.