A Negative Pledge Clause States That the Company May Grant

question 12

True/False

A negative pledge clause states that the company may grant an exclusive lien or claim on any of its assets.

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Definitions:

Genioglossus

A muscle in the human body involved in the movement of the tongue, important for speech and swallowing.

Stick Out

To extend or protrude in a noticeable way.

Orbicularis Oris

A muscle around the mouth that allows the lips to close or pucker.

Puckers Mouth

The action of contracting the muscles around the mouth, often resulting in a wrinkled or protruded appearance.