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 used considerably for Christmas trees and blue northeastern US â these probably the source of escapes reported for several states far from its native range (Maine, Massachusetts, New York, Pennsylvania, Maryland). Blue spruce is the state tree of Colorado and of Utah. Status Please consult the PLANTS Web site and your State Department of Natural Resources for this plantâs current status, such as, state noxious status and wetland indicator values. Description General: Pine Family (Pinaceae).