The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:
In some circumstances, a transaction will involve satisfying certain conditions after completion. These are known as 'conditions subsequent'. This may be as a result of the terms of the finance documents (eg where certain conditions could only be satisfied after completion) or a waiver letter (ie where certain conditions precedent were not satisfied at completion and the lender agreed to waive them for a specified period).
It will be in the interests of both the lender(s) and the borrower that the conditions subsequent are satisfied within any deadline.
The lender(s) will be concerned to ensure that any conditions subsequent are sati
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.