Guarantees

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Practice notes
What are they?A bridge to bond facility is a type of acquisition financing where the buyer requires the certainty of a fully committed financing...
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Produced in partnership with Cleary Gottlieb and Ian Chin of Morrison & Foerster 12th Jan
Practice notes
Assignment is a means by which a lender can transfer its interest in a loan to another lender.For an overview of the reasons why a lender might...
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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
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
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
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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
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
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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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
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
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
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
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...
Read More >
9th Nov
Practice notes
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from...
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9th Nov
Practice notes
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing...
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9th Nov
Practice notes
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge...
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9th Nov

Most recent Guarantees content

Practice notes
Guarantees are typically used in banking transactions as a form of collateral for a debt. For information on the characteristics of guarantees, see...
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28th Apr
Practice notes
Coronavirus (COVID-19): The Coronavirus Business Interruption Loan Scheme (the CBILS) and the Coronavirus Large Business Interruption Loan Scheme (the...
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27th Apr
Practice notes
Coronavirus (COVID-19):•The Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business...
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27th Apr
Precedents
Warning to the GUARANTOR: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
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26th Apr
Precedents
Warning to the GUARANTOR: Before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
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26th Apr
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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26th Apr
Precedents
Warning to the Guarantor: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
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26th Apr
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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26th Apr
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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26th Apr
Precedents
Warning to the GUARANTOR: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
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26th Apr
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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26th Apr
Practice notes
This Practice Note looks at releasing a guarantor by agreement between the parties but it is important to note that there are a number of other...
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8th Apr
Practice notes
Guarantees are a contractual arrangement where one party (the guarantor) agrees to answer for the liability of another party (the principal) to...
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8th Apr
Practice notes
This Practice Note sets out certain key cases and associated relevant content in relation to guarantees. The cases are divided by topic area and...
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8th Apr
Practice notes
It is often the case that financing transactions require guarantees to be given by more than one guarantor. For example, guarantees might be required...
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8th Apr
Practice notes
It is common for the parties to a facility agreement to want to amend its terms, often a number of times, during the life of the facilities. They may,...
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8th Apr
Practice notes
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...
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8th Apr
Practice notes
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...
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8th Apr
Practice notes
Guarantees are typically used in banking transactions as a form of collateral for a debt. In such circumstances, they are a contractual arrangement...
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8th Apr
Practice notes
Guarantees (see Practice Note: Guarantees) and third party security (see Practice Note: Third party security) from individuals are relatively common...
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8th Apr

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