Conditions precedent to lending

Conditions precedent to lending guidance:

[To be printed on the headed paper of the agent] [insert date] To: [insert full name and address of borrower] Dear [insert full name of borrower] 1 We refer to the...

Precedents

[TO BE PRINTED ON THE HEADED PAPER OF THE BORROWER] [insert date] To: [insert full name and address of agent for service of process] Dear [insert full name of process...

Precedents

To be printed on the headed paper of the arranger[s] [insert date] To: [insert full name and address of borrower] Dear [insert full name of borrower] 1 We refer to the...

Precedents

Company number: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...

Precedents

COMPANY NUMBER: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...

Precedents

Company number: [insert company number] [insert company name] [Limited OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...

Precedents

COMPANY NUMBER: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...

Precedents

This document provides accessible practical guidance and links to more comprehensive content in relation to class 1 transactions undertaken by UK companies with a premium...

Practice Note

In financing transactions, conditions precedent are the conditions that need to be fulfilled for funding to occur. This Practice Note explains: • the nature of conditions...

Practice Note

[To be printed on the headed paper of the lender] [insert date] To: [insert name and address of borrower] Dear [insert full name of borrower] 1 We refer to the facility...

Precedents

[TO BE PRINTED ON HEADED PAPER OF LAW FIRM] [insert date] To: [insert name and address of lender] Dear [insert full name of lender] 1 We refer to the facility agreement...

Precedents

The following paragraph from the Cadbury Report has been the generally accepted definition of corporate governance since 1992: 'Corporate governance is the system by...

Practice Note

A director who is in any way, directly or indirectly, interested in: • a proposed transaction or arrangement with the company of which they are a director, or • a...

Practice Note

A director who is in any way, directly or indirectly, interested in: • a proposed transaction or arrangement with the company of which they are a director, or • a...

Practice Note

[insert date] To: [insert full name and address of lender] Dear [insert full name of lender] I am a director of [insert full name of borrower] (the Borrower). I refer to...

Precedents

[insert date] To: [insert full name and address of lender] Dear [insert full name of lender] I am a director of [insert full name of guarantor or third party security...

Precedents

Directors, and in some cases shadow directors, owe numerous duties to a company. Many of those duties have been developed by the courts over hundreds of years from more...

Practice Note

Unlike company general meetings and annual general meetings (AGMs), there are no specific provisions in the Companies Act 2006 (CA 2006) regulating board meetings or...

Practice Note

Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to matters of law. It...

Practice Note

[To be printed on the headed notepaper of the borrower] [insert date] To: [insert name of lender] (the Lender) From: [insert name of borrower] (the Borrower) Dear [insert...

Precedents

[To be printed on the headed paper of the lender] [insert date] To: [insert full name and address of borrower] Dear [insert full name of borrower], 1 We refer to the...

Precedents

Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to instruct local lawyers to...

Practice Note

[To be printed on the headed paper of the lender’s lawyers] To: [insert name and address of Lender] [insert date] Dear [insert name of Lender] [Matter name/reference] We...

Precedents

Legal opinions are used in the vast majority of financing transactions. They are usually either a condition precedent to funding or a condition precedent to the signing...

Practice Note

In financing transactions, conditions precedent (known as CPs) are the specific conditions that need to be fulfilled for funding to occur. They are not conditions to the...

Practice Note

Authorisations Description of condition precedent (including paragraph number in Schedule [1] of the Facility Agreement)ResponsibilityStatusSatisfied? A copy of the...

Precedents

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...

Practice Note

Each of the documentary conditions precedent (CPs) to funding must be satisfied (or waived) before funding can take place. For more information on the purpose and types...

Practice Note

[insert date] To: [insert full name and address of lender] Dear [insert full name of lender] I am a director and the [Chief Financial Officer OR Finance Director] of...

Precedents

[insert date] To: [insert full name and address of lender] Dear [insert full name of lender] I am a director and the [Chief Financial Officer OR Finance Director] of...

Precedents
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