(1) Except as provided by subsections (2) and (3), this Act comes into force on such day as the Secretary of State may by regulations appoint.
(2) This section and the following provisions come into force on the day on which this Act is passed—
(a) sections 1 and 3;
(b) section 182;
(c) sections 204, 205 and 206;
(d) sections 209 and 210;
(e) sections 213(2), 214 and 215;
(f) any other provision of this Act so far as it confers power to make regulations or Tribunal Procedure Rules or is otherwise necessary for enabling the exercise of such a power on or
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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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