(1) Terms used in . . . this Part and in the [UK GDPR] have the same meaning in [this Part as] they have in the [UK GDPR].
(2) In subsection (1), the reference to a term's meaning in the [UK GDPR] is to its meaning in the [UK GDPR] read with any provision of [this Part] which modifies the term's meaning for the purposes of the [UK GDPR].
(3) Subsection (1) is subject to any provision in [this Part] which provides expressly for the term to have a different meaning and to section 204.
(4) . . .
(5) . . .
(6) . . .
(7) A reference in . . .
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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