negative pledge clause

基本解释

Chapter Two: The Negative Pledge Clauses in Project Assets Security.
第二章：項目資産擔保中的消極擔保條款。
The covenants clause is composed of sub-clauses such as negative pledge, pari passu, financial covenant and so on.
＂約定事項＂包括衆多分條款，如消極擔保、比例平等、財務約定事項等。
One potential pitfall is that it may mean that some bondholders have more rights than others, a provision that may break “negative pledge clauses” which specifically forbid such a situation.
一個潛在的危機是，它可能意味著一些債券持有人，擁有比別人更多的可能會打破“消極的承諾條款”的權利，盡琯這種情況是明確禁止的。