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 precedent 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

[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

        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 the security documents] entered into between the Security Provider and the Lender as amended, novated, supplemented, restated or replaced from time to time in accordance with [its OR their] terms;]

        [Security Provider

        1. means [insert name of Security Provider]. ]

      1. 1.2

        Interpretation and third-party rights

        Clauses

Related documents:

Popular documents