Dealing with any conditions subsequent in loan transactions
Dealing with any conditions subsequent in loan transactions

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Dealing with any conditions subsequent in loan transactions
  • Lawyers acting for the lender(s)
  • Borrower's lawyers

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.

Lawyers acting for the lender(s)

The lender(s) will be concerned to ensure that any conditions subsequent are sati