Most people in the United States get enough vitamin A from the foods they eat, and vitamin A deficiency is rare. However, certain groups of people are more likely than others to have trouble getting enough vitamin A: Premature infants, who often have low levels of vitamin A in their first year.
The Negative Pledge. Banks have traditionally used a device known as the negative pledge (âNegative Pledgeâ) in lending documents. The Negative Pledge is an agreement whereby a borrower-pledgor promises a lender not to place a lien on pledgorâs property.
Debt covenants are used to solve the agency problems among the management (i.e., of the borrowing company), debt holders, and shareholders that arise due to the differences in the objectives of the borrower and the lender. Debt covenants can be either positive or negative. Negative debt covenants state what the borrower cannot do and may include the following: 1  Incur additional long-term debt (or require that additional borrowing be subordinated to the original indenture).