Deed of confirmation of third party security on variation of underlying facility agreement (bilateral)

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Banking & Finance expert
Precedents

Deed of confirmation of third party security on variation of underlying facility agreement (bilateral)

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Banking & Finance expert

Precedents
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This Deed is made on [date]

Parties

  1. 1

    [insert name of third party security provider], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Obligor); and

  1. 2

    [insert name of Lender] of [insert address] (the Lender).

Background

    1. (A)

      The Lender made available a loan facility to the Borrower (as defined below) on the terms and conditions set out in the Facility Agreement (as defined below).

    1. (B)

      The Lender and the Borrower now wish to amend the Facility Agreement upon the terms and conditions of the Amendment Agreement (as defined below).

    1. (C)

      It is a condition precedent to the Amendment Agreement that the Obligor enter into this Deed.

It is agreed as follows:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Deed:

        Amendment Agreement

        1. •

          means the [amendment letter OR amendment agreement OR amendment and restatement agreement] dated [insert date] entered into by the Borrower and the Lender in connection with the Facility Agreement;

        Borrower

        1. •

          means [insert name of

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Jurisdiction(s):
United Kingdom
Key definition:
security definition
What does security mean?

money deposited to ensure that the defendant attends court;

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