Amendment agreement (agreement format): for a bilateral facility agreement with or without security or a guarantee
Amendment agreement (agreement format): for a bilateral facility agreement with or without security or a guarantee

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

  • Amendment agreement (agreement format): for a bilateral facility agreement with or without security or a guarantee

This Agreement is made on [insert date]

Parties

  1. 1

    [insert name of Borrower], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Borrower); [and]

  1. 2

    [[insert name of Guarantor], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Guarantor); and

  1. 3

    [insert name of Security Provider], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Security Provider); and]

  1. 4

    [insert name of Lender] of [insert address] (the Lender).

Background

    1. (A)

      The Lender made available a loan facility to the Borrower on the terms and conditions set out in the Facility Agreement (as defined below).

    1. (B)

      The Lender and the Borrower now wish to amend the Facility Agreement upon the terms and conditions of this Agreement.

    1. (C)

      [The Guarantor and/or the Security Provider now wish to confirm the Guarantee and/or the Security upon the terms and conditions of this Agreement.]

It is agreed as follows:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Agreement:

        Amendment Conditions Precedent

        1. means the documents and evidence set out in the Schedule to this Agreement in form and substance [reasonably] satisfactory to the Lender;

        Effective Date

        1. means the date on which the Lender certifies in writing to the Borrower that the Amendment Conditions Precedent have

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