Quasi-security

Quasi-security guidance:

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

Standby letters of credit are a type of letter of credit. The common feature of all letters of credit is an undertaking by a bank to pay the beneficiary of the letter of...

Practice Note

[On headed notepaper of comfort letter provider] To: [insert the full name and address of the lender] [insert date] Dear [insert full name of lender] Facility Agreement...

Precedents

[On headed notepaper of comfort letter provider] To: [insert the full name and address of the lender] [insert date] Dear [insert full name of lender] Facility Agreement...

Precedents

Comfort letters are encountered in finance transactions relatively often. They take different forms and it is important from both the lender's perspective and the...

Practice Note

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

Precedents

Contractual set-off is one of the five main types of set-off described in Practice Note: Types of set-off. Contractual set-off arises where a right of set-off has been...

Practice Note

Although suppliers are generally unsecured creditors (unless they establish a valid retention of title (ROT) claim) they may be key to a successful turnaround or pre-pack...

Practice Note

This Deed is made on [insert day and month] 20[insert year] Parties 1 [insert name of Company], a company incorporated in England and Wales with registered number [insert...

Precedents

[To be printed on headed notepaper of the lender making demand] To: [Insert name of individual and/or position] [insert name of the Guarantor or other relevant entity]...

Precedents

The terms security and quasi-security are frequently used in relation to finance transactions. This Practice Note considers the term security in the context of security...

Practice Note

There are a number of circumstances in which the liability of a guarantor which has guaranteed the obligations of one or more borrowers of a loan facility will be...

Practice Note

A guarantee can take the form of a separate guarantee document or form part of the facility agreement in a guarantee clause. Irrespective of which option is chosen, the...

Practice Note

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

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

Guarantees are typically used in banking transactions as a form of collateral for a debt. For information on the characteristics of guarantees, see Practice Note:...

Practice Note

1 Guarantee and indemnity 1.1 Guarantee and indemnity The Parent irrevocably and unconditionally: 1.1.1 guarantees to the Lender the performance of the [payment]...

Precedents

This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year] Parties 1 [Insert name of Guarantor], a company incorporated in England and Wales...

Precedents

Warning to the GUARANTOR: Before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are undertaking and which would be...

Precedents

Warning to the GUARANTOR: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are undertaking and which would be...

Precedents

Warning to the GUARANTOR: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are undertaking and which would be...

Precedents

Warning to the Guarantor: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are undertaking and which would be...

Precedents

This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year] Parties 1 [Insert name of Guarantor], a company incorporated in England and Wales...

Precedents

This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year] Parties 1 [Insert name of Guarantor], a company incorporated in England and Wales...

Precedents

Guarantees are typically used in banking transactions as a form of collateral for a debt. In such circumstances, they are a contractual arrangement where one party (the...

Practice Note

It is often the case that financing transactions require guarantees to be given by more than one guarantor. For example, guarantees might be required from a number of...

Practice Note
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