Priority Clauses And Setoff Rights

Priority Clauses And Setoff Rights groups related credit and lending terms inside Priority Subordination And Creditor Ranking. Credit and lending terms for priority clauses and setoff rights.

Use this subsection when the question is about borrower obligations, lender protection, credit risk, pricing, repayment, collateral, or debt collection rather than a general business term.

In this section

• Negative Pledge: A Covenant in Loan Agreements
  A negative pledge is a covenant in a loan agreement in which a borrower promises that no secured borrowings will be made during the life of the loan or will ensure that the loan is secured equally and rateably with any new borrowings as specifically defined.
• Pari Passu Clause: Ensuring Equal Ranking of Debts
  A comprehensive look at the pari passu clause, its importance in finance, historical context, key events, related terms, and more.
• Set-Off: Balancing Debts and Gains
  An agreement to balance one debt against another or offset a loss with a gain.