Demand letter—borrower
Demand letter—borrower

The following Restructuring & Insolvency precedent provides comprehensive and up to date legal information covering:

  • Demand letter—borrower

[To be printed on headed notepaper of the lender making demand]

To: [Insert name of individual and/or position]

[insert name of the Borrower or other relevant entity]

[insert address]

[insert fax no]

[insert email address]

[copy [specify to who]]

By [Hand OR First class post OR Fac simile OR Email]

[Insert date of letter]

Dear Sirs

Demand letter

Facility agreement dated [insert date] between [insert name of lender] (the Lender) and [name of borrower] (the Borrower) (the Facility Agreement)

[Debenture] dated [insert date] entered into by the Borrower in favour of the Lender (the Debenture)

Unless expressly defined otherwise, all words and expressions defined in the Facility Agreement shall have the same meaning in this demand letter.

References to “you” refer to the Borrower and references to “we” or “us” refer to the Lender.

    1. 1

      Event of default

      1. 1.1

        [As you are aware, an Event of Default has occurred and is continuing under the Facility Agreement, in particular, failure to pay the amount due on [insert date]. This is an Event of Default pursuant to clause [17.1.1

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