Guarantees

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Practice notes
This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...
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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 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
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
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
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
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 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
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
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses...
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9th Nov
Practice notes
What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...
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Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan
Practice notes
This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...
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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
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
There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...
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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

Most recent Guarantees content

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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17th Jan
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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17th Jan
Practice notes
Guarantees are often an important element of a financing transaction for lenders. They are a form of quasi-security, often taken in conjunction with a...
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17th Jan
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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17th 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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17th Jan
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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17th Jan
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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17th Jan
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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17th Jan
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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17th Jan
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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17th Jan
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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17th 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...
Read More >
17th Jan
Practice notes
What is a guarantee?A guarantee is an agreement between one person/entity (the guarantor) and another person/entity (the creditor), whereby the...
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15th Jan
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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14th Jan
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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12th Jan
Practice notes
Once the capacity and authority of a company to enter into a guarantee have been investigated, the next step is to consider the commercial (or...
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12th Jan
Practice notes
In many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in being able to recover...
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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...
Read More >
12th Jan
Q&As
The Corporate Insolvency and Governance Act 2020 (CIGA 2020) inserted section 233B into the Insolvency Act 1986 (IA 1986) as part of a package of...
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Produced in partnership with Ryan Hocking of Hardwicke Chambers 8th Jan
Q&As
This Q&A explains when it is necessary to analyse whether an obligor in a banking transaction is receiving a commercial benefit (also called a...
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Produced in partnership with Brian Cain 8th Jan

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