Conditions precedent satisfaction letter: for a bilateral facility agreement—lender’s lawyer to lender

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  • Conditions precedent satisfaction letter: for a bilateral facility agreement—lender’s lawyer to lender

Conditions precedent satisfaction letter: for a bilateral facility agreement—lender’s lawyer to lender

[TO BE PRINTED ON HEADED PAPER OF LAW FIRM]

[insert date]

To:

[insert name and address of lender]

Dear [insert full name of lender]

    1. 1

      We refer to 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 (the Facility Agreement).

    1. 2

      Unless defined otherwise in this letter, or the context requires otherwise, all words or expressions in the Facility Agreement have the same meaning in this letter. The principles of interpretation set out in clause [1.2] (Interpretation) of the Facility Agreement apply to this letter as if set out in full in this letter.

    1. 3

      Except as expressly provided for in this letter, a person who is not a party to this letter shall not have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any of the provisions of this letter.

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