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...
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...
[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...
[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...
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...
[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...
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...
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...
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...
[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]...
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...
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...
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...
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...
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...
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:...
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]...
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...
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...
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...
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...
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...
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...
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...
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...
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...