Reservation of rights letter: breach of bilateral facility agreement

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

  • Reservation of rights letter: breach of bilateral facility agreement

Reservation of rights letter: breach of bilateral facility agreement

[To be printed on the headed paper of the lender]

[insert date]

To:

[insert name and address of borrower]

Dear [insert full name of borrower]

    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 defined in the Facility Agreement have the same meaning in this letter. The principles of interpretation set out in clause [insert clause number] of the Facility Agreement apply

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