Waiver letter: for a bilateral facility agreement—waiving breach of facility agreement
Waiver letter: for a bilateral facility agreement—waiving breach of facility agreement

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

  • Waiver letter: for a bilateral facility agreement—waiving breach of facility agreement

Waiver letter: for a bilateral facility agreement—waiving breach of facility agreement

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

[insert date]

To:

[insert name and address of borrower]

[and]

[insert name and address of guarantor, if applicable]

Dear [insert full name of borrower and if applicable, full name of guarantor]

    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

      [We also refer to the guarantee dated [insert date of guarantee] between [insert name of guarantor] (the Guarantor) and the Lender as amended, novated, supplemented, restated or replaced from time to time in accordance with its terms (the Guarantee).]

    1. 3

      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

Popular documents