This is the question for the Essay : EcoTech is an SPV for building wind farms around the coast of Utopia. EcoTech enters into a lucrative supply contract for the purchase of steel. As part of the contract, EcoTech agrees that in an event of its failure to make payment, it shall create a lien in favour of the supplier. EcoTech then enters into project finance negotiations with Mega Bank, which insists on having negative covenant provisions in respect to security interests being created against EcoTech’s assets. With reference to the contract law of a jurisdiction of your choice: 1. Explain the legal effect of negative covenants with respect to the creation of security interests; 2. Discuss how might EcoTech negotiate a loan agreement that might both be acceptable to Mega Bank and prevent EcoTech from defaulting under the supply contract.