Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
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...
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...
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
Commodity repurchases (repos) are a common alternative method of financing. There are a number of advantages for both the financier and a commercial...
During the term of a facility, a borrower's circumstances can change. Sometimes, a borrower's circumstances change to such an extent that it wants the...
During the term of a facility, the borrower's financial position is likely to fluctuate. Sometimes, its circumstances change to such an extent that it...
Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus (COVID-19) on execution of documents and company...
Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus (COVID-19) on execution of documents and company...
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,...
This Q&A considers the issues that a lender faces if it requests new security for both new and existing loans as a condition to the advance of further...
There are many reasons why it might be necessary to amend a security document—for example the description of the liabilities secured by the document...
[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]1We refer...
In order for a secured lender to appoint, ordinarily, an event of default has to have occurred under the terms of the loan facility and/or associated...
For the purposes of this Q&A, we have assumed that the 'error' which is referred to is agreed by both (or all) parties to the document to be an error,...
A properly drafted finance document will include appropriate execution clauses for each party signing the document. It should, therefore, be obvious...
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower][and][[insert name and address of guarantor, if...
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower][and][insert name and address of guarantor, if...
This Agreement is made on [insert date]Parties1[insert name of Borrower], a company incorporated in England and Wales with registered number [insert...
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