In Australia, negative pledge lending took off after a substantial deal by Pioneer Concrete in 1978. It was a new way of lending, which allowed the banks to lend to corporations, something previously the domain of life insurers. Negative pledge clauses are almost universal in modern unsecured commercial loan documents. The purpose is to ensure that a borrower, having taken out an unsecured loan, cannot subsequently take out another loan with a different lender, securing the subsequent loan on the specified assets.
Spruce Knob, highest point in West Virginia, U.S., located in the Allegheny Mountains in the eastern part of the state, about 25 miles (40 km) southeast of Elkins.
A topographic map is a map that shows topography and features found on the earth's surface. Like any map it uses symbols to represent these features.Lets look a section of a topographic map showing the area around Spruce Knob in West Virginia.Spruce Knob is the highest point in West Virginia and, weather permitting, an occasional stop on the Historical Geology (GEO 212) field trip.ike any map it uses symbols to represent these features. Lets look a section of a topographic map showing the area around Spruce Knob in West Virginia. Spruce Knob is the highest point in West Virginia and, weather permitting, an occasional stop on the Historical Geology (GEO 212) field trip.