The Following Statement Is Not a Feature of Negative Pledge

The following statement is not a feature of negative pledge lending:

A) The borrower undertakes not to pledge existing or future assets of the company or group to anyone else without the approval of the lender.
B) The company may be restricted from increasing its borrowing and total external liabilities beyond a specified proportion of total tangible assets,including overseas assets.
C) The loan agreement may contain a covenant that restricts the payment of dividends to a specified percentage of each period's profit.
D) None of the given options.

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