Appointment of process agent letter: for a bilateral facility agreement
Appointment of process agent letter: for a bilateral facility agreement

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

  • Appointment of process agent letter: for a bilateral facility agreement

[TO BE PRINTED ON THE HEADED PAPER OF THE BORROWER]

[insert date]

To:

[insert full name and address of agent for service of process]

Dear [insert full name of process agent]

We refer to the facility agreement dated [insert date of facility agreement] between [insert full name of lender] (the Lender) and [insert full name of borrower] as amended, novated, supplemented, restated or replaced from time to time in accordance with its terms (the Facility Agreement).

We irrevocably appoint you [for a period of [] years OR until [insert date on which appointment will terminate]] on the terms set out below with full authority to receive, accept and acknowledge for us and on our behalf service of process issued out of the courts of England and Wales in respect of any matter arising out of or in connection with the [Facility Agreement OR Finance Documents (as defined in the Facility Agreement)].