Most facility agreements require the borrower(s) to prepay all or part of the facility on the occurrence of certain events, known as mandatory prepayment events. For a...
Affiliate means any entity that directly or indirectly controls, is controlled by or is under common control with, another entity;
1 Assignment—prohibited without consent 1.1 No party may assign, sub-contract or encumber any right or obligation under this agreement, in whole or in part, without the...
BACKGROUND (A) [insert relevant details of the background to the agreement] (B) [insert relevant details of the background to the agreement]
Business Day means a day other than a Saturday, Sunday or public holiday[, on which clearing banks are open for non-automated commercial business in the [City of...
Confidential Information—mutual ‘Confidential Information’ means all information of a confidential nature (in whatever form) which relates to the Purpose and is received...
1 Confidentiality clause—mutual—using in-clause definitions Authorised Persons has the meaning given to it in clause 1.1; Confidential Information has the meaning given...
1 Conflict with other agreements—single agreement If there is a conflict between the terms of this Agreement and the terms of [insert name of other agreement], the terms...
1 Conflict within an agreement—agreement prevailing over schedules and appendices If there is a conflict between the terms of this agreement and the terms of the...
Control [has the meaning given to it in section 1124 of the Corporation Tax Act 2010 OR means the beneficial ownership of more than 50% of the issued share capital of a...
1 Costs and expenses—each party to bear its own—short form Each party will pay its own costs and expenses incurred in connection with the negotiation, preparation,...
1 Counterparts—agreement 1.1 This agreement may be signed in any number of separate counterparts, each of which when signed and dated shall be an original, and such...
Day means a period of 24 consecutive hours [ending at midnight OR starting at [insert time]]; Close This is a suggested definition for the term 'day', which is a term...
This Practice Note discusses the role and importance of defined terms in an agreement. It identifies the defined terms that most commonly appear in agreements relating to...
1 Definitions and interpretation 1.1 In this Agreement: Affiliate means any entity that directly or indirectly Controls, is Controlled by or is under common Control with,...
Encumbrance means a mortgage, claim, charge, pledge, lien, hypothecation, guarantee, right of set-off, trust, assignment, right of first refusal, right of pre-emption,...
1 Entire agreement—short form 1.1 This agreement[ and [any documents entered into pursuant to it OR [insert name[s] of specific document[s]]]] constitute[s] the entire...
This Practice Note summarises the law, guidance and practice relating to the execution of simple contracts and deeds. It considers the key differences between deeds and...
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed for and on behalf of [Name of Company] by ________________________Director...
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed for and on behalf of [Name of Company] by ________________________Authorised Signatory...
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed for and on behalf of [Name of Company] by ________________________Company Secretary...
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed for and on behalf of the firm of________________________ at . . . . . . . . . . . . . ....
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed by [ ] as partner of and trustee for the Firm and as an individual...
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed by [ ], as attorney for [ ] having full power to grant these presents on his/her behalf...
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed by [ ]________________________ at . . . . . . . . . . . . . . . . . . . . . .on . . . ....
Produced in partnership with Pamela Todd, Partner of Harper Macleod LLP Subscribed by [ ] as partner of and trustee for the Firm and as an individual...