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

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

  • Amendment agreement (letter format): for a bilateral facility agreement with or without security or a guarantee
  • The ScheduleAmendment Conditions Precedent

[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 applicable]]

[[and]

[insert name and address of security provider, if applicable]]

Dear Sirs

Re: The Facility Agreement as defined below.

  1. 1

    Definitions and interpretation

    1. 1.1

      Definitions

    2. In this agreement the following words shall have the meanings set opposite them:

      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 been satisfied;

      Facility Agreement

      1. means the facility agreement dated [insert date of facility agreement] between [insert name of borrower] (the Borrower) and [insert name of lender] (the Lender) as amended, novated, supplemented, restated or replaced from time to time in accordance with its terms;

      Guarantee

      1. means the guarantee dated [insert date of guarantee] between the Guarantor and the Lender as amended, novated, supplemented, restated or replaced from time to time in accordance with its terms;

      Guarantor

      1. means [insert name of Guarantor];

      Security

      1. means the [insert details of