Term sheets, mandates and confidentiality

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Practice notes
What are incremental facilities?An incremental facility is feature included in a credit agreement where, subject to meeting certain pre-agreed...
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Produced in partnership with Osborne Clarke 12th Jan
Practice notes
There are four main types of security available under English law: •mortgage•charge•pledge, and•lienThis Practice Note explains:•the nature of a...
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9th Nov
Practice notes
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
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9th Nov
Practice notes
The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and...
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9th Nov
Practice notes
What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...
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9th Nov
Practice notes
This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...
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9th Nov
Practice notes
On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
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9th Nov
Practice notes
Sub-participation is a means by which a lender can transfer its risk in a loan to another lender. For an overview of the reasons why a lender might...
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9th Nov
Practice notes
Novation is a means by which a lender can transfer its interest in a loan to another lender.This Practice Note looks at what is meant by novation...
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9th Nov
Practice notes
Summary of advantages and disadvantages of the floating chargeThis Practice Note discusses the advantages and disadvantages of taking a floating as...
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9th Nov
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...
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Produced in partnership with Dentons UK and Middle East LLP 12th Jan
Precedents
This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year]Parties1[Insert name of Guarantor], a company incorporated in...
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9th Nov

Most recent Term sheets, mandates and confidentiality content

Practice notes
Term sheets in acquisition finance transactions are generally extensively negotiated, and include a lot of the detail which will eventually be...
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17th Jan
Practice notes
This Practice Note is part of the Lexis®PSL Banking & Finance loan transaction toolkit. It includes links to precedents and drafting and negotiating...
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17th Jan
Practice notes
The Loan Market Association (LMA) has produced two English law term sheets for real estate finance (REF) transactions. Their purpose is to aid parties...
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17th Jan
Practice notes
When are mandate letters used?Mandate letters are typically signed at the start of a transaction, and are often attached to an agreed term sheet. They...
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12th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Oliver Hensby of RBS 11th Jan
Precedents
Term sheet for an unsecured syndicated facility for an investment grade borrower incorporated as a limited liability company in England and Wales with...
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11th Jan
Practice notes
Loan Market Association (LMA) term sheet precedentThis precedent is drafted to be used alongside the LMA mandate letter precedent and the LMA's...
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11th Jan
Practice notes
This Practice Note provides introductory information on term sheets in lending transactions. It discusses:•what a term sheet is•the circumstances in...
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11th Jan
Practice notes
What is a 'market flex' provision?A market flex provision is designed to give arrangers and underwriters some flexibility as to the terms of a...
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Produced in partnership with Lee Federman 8th Jan
Precedents
This Agreement is made on [date]Parties1[Insert name of party][ of [insert details] OR a company incorporated in [England and Wales] under number...
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Produced in partnership with Gateley 8th Jan
Practice notes
This Practice Note provides an overview of the purpose and typical content of mandate letters in syndicated loan transactions and covers:•appointment...
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7th Jan
Practice notes
The borrower will generally require any prospective lender or lenders to enter into a confidentiality letter.The confidentiality letter between the...
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7th Jan
Practice notes
This Practice Note is part of the Lexis®PSL Banking & Finance loan transaction toolkit. It is intended as an introductory guide for those new to...
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7th Jan
Practice notes
It is very common for confidentiality agreement to be signed between parties when no external counsel has yet been appointed. As such the onus will...
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6th Jan
Precedents
This Agreement is made on [date]Parties1[Insert name of party] [of [insert address] OR a company incorporated in [England and Wales] under number...
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9th Dec
Precedents
This Agreement is made on [date]Parties1[insert name of party] [of [insert details ] OR a company incorporated in [England and Wales] under number...
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8th Dec
Precedents
Term sheet for a bilateral facility for a borrower incorporated as a limited liability company in England and Wales with or without security/a...
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28th Nov
Precedents
[On headed notepaper of a potential syndicate member]To: [insert the full name and address of the arranger][insert date]Dear [insert full name of...
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28th Nov
Precedents
[On headed notepaper of a potential syndicate member]To: [insert the full name and address of the arranger][insert date]Dear [insert the full name of...
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28th Nov
Q&As
Tournier v National Provincial established that it is an implied term of the contract between a banker and a customer that the banker will keep the...
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28th Nov

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