The following Banking & Finance precedent provides comprehensive and up to date legal information covering:
This Deed is made [insert day and month] 20[insert year]
[insert name of Senior Lender] of [insert address] (the Senior Lender);
[insert name of Junior Lender] of [insert address] (the Junior Lender); and
[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).
The Senior Lender has [agreed to provide OR provided] the Borrower with a loan facility on the terms of the Senior Facility Agreement (as defined below).
The Junior Lender has [agreed to provide OR provided] the Borrower with a loan facility on the terms of the Junior Facility Agreement (as defined below).
[It is a condition precedent to the provision of [each of] the Senior Facility(as defined below) [and the Junior Facility (as defined below)] that the parties enter into this Deed OR The Lenders and the Borrower have agreed that the Security (as defined below) will rank as set out in this Deed.]
[[insert further details if required]]
The parties agree:
Definitions and interpretation
[In this Deed, unless otherwise provided:
means a day, other than a Saturday, Sunday or public holiday, on which banks are open for business in London;
means the Senior Debt and/or the Junior Debt;
means the Senior Documents and/or the Junior Documents;
Final Discharge Date
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