Negative Pledge Agreement : An agreement by whatever entity is providing the security backing for an Issue not to incur any new debt which will encumber use of revenues targeted for debt service payments.
Ilan Kelman (ed.), Vulnerability and Resilience Definitions and References, Version 2, 2007. http://www.islandvulnerability.org/docs/vulnres.pd f, (Vulnr and Resilience - Brit) {524}