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.
You're invited to review the information contained within these pages and use the website to facilitate a lasting involvement in the Spruce Pine community. The Town of Spruce Pine is located in Mitchell Country in Western North Carolina.We invite you to come and visit our historic town on your next vacation.elcome to the Town of Spruce Pine Website. Whether you're visiting our website as a citizen, business person, or web explorer, we hope you find this website as a useful resource.