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.
SUMMARY OF PROMINENCE DATA: MAJORS: West Virginia only merits one 2,000' prominence, which is Spruce Knob the highest point in the state. See also the Southeastern U.S. Mountain Prominence Map. P1000: 44 Summits reach the P1000 mark - the American Eagles by clean prominence rules.