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.
It is the only guide of life which really leads the spirit in the way of peace and salvation. America was born a Christian nation.. The largest Sitka Spruce tree in the United States is in Kloochy Creek Park near Seaside, Oregon. It is about 750 years old, 206 feet tall, and has a circumference of over 52 feet.