Cross default definition

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Terms and conditions—first time issuer's guide

Terms and conditions—first time issuer's guide What this Practice Note covers The aim of this Practice Note is to provide information and practical guidance on English law terms and conditions to lawyers advising first time (debut) issuers of debt securities. This Practice Note focuses on debut issues of debt securities because the documentation for the issuer’s debut issue tends to be closely followed for its subsequent issues. The documentation stage of the first issue is when the issuer and its advisers have an opportunity to consider the documentation in depth and (within the constraints imposed by accepted debt capital markets practice) to influence the form of the documentation. This Practice Note explains the practical aspects of the key provisions set out in the terms and conditions of debt securities. This Practice Note assumes that first time issuers are not likely to be the major corporates, financial institutions, multi-lateral agencies (like the World Bank) or sovereigns which traditionally raise funds in the international investment-grade public debt capital...

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Notice designating an Early Termination Date following an Event of Default (1992 ISDA Master Agreement (Multicurrency—Cross Border) provisions)

Notice designating an Early Termination Date following an Event of Default (1992 ISDA Master Agreement (Multicurrency—Cross Border) provisions) Notice designating an Early Termination Date following an Event of Default [Insert Lead-In Language ] An Event of Default under: • Section 5(a)(i) (Failure to Pay or Deliver) • Section 5(a)(ii) (Breach of Agreement) • Section 5(a)(iii) (Credit Support Default) • Section 5(a)(iv) (Misrepresentation) • Section 5(a)(v) (Default under Specified Transaction) • Section 5(a)(vi) (Cross Default) • Section 5(a)(vii) (Bankruptcy) •  Section 5(a)(viii) (Merger Without Assumption) of the Agreement has occurred with respect to you. The details of the Event of Default are set out below: [Insert description of the relevant Event of Default, see Exhibits to this template notice for examples of descriptions of different Events of Default under the Agreement] If Bankruptcy has occurred and Automatic Early Termination has been triggered: Automatic Early Termination has been specified as applicable to you in the Schedule to the Agreement and the circumstances described above constitute an Event of Default...

Investment grade term sheet (for a term loan facility): single company borrower—syndicated—with or without guarantees

Investment grade term sheet (for a term loan facility): single company borrower—syndicated—with or without guarantees Term sheet for an unsecured syndicated facility for an investment grade borrower incorporated as a limited liability company in England and Wales with or without guarantees In relation to a £[•] term loan facility to be provided to [insert name of borrower] Date [•] 20[•] This term sheet is indicative only and is intended as a guide to what will be included in final documentation. It is not an offer to provide the facility. Provision of the facility is subject to satisfactory due diligence, credit committee approval[, the mandate letter] and satisfactory final documentation. 1 Parties Borrower [insert name of borrower] [ Guarantor(s) ] [[insert names of group company/companies providing a guarantee]] Mandated Lead Arranger [insert name of Mandated Lead Arranger(s)] Agent [insert name of Agent] Lenders As selected by the Mandated Lead Arranger[s] [in consultation with the Borrower] [ Obligors ] [the Borrower and the Guarantors] [...