Derivatives · glossary
A document the loan treats as one of its own. Designating the Master Agreement as one would bring the loan's guarantee, sharing and voting rules to the swap. The consent letter says it is not one, so the swap has no guarantee. FA definition: Finance Document · Chapter 13
Explained in Chapter 13, How the Loan Reads the Swap, of Derivatives.
Two subsidiaries guarantee the loan. Under clause 14.1, they guarantee obligations "under the Finance Documents", and everything turns on those words. A Finance Document is the loan and the papers its definition lists, plus "any other document designated as such by the Agent and the Company".Read Chapter 13, How the Loan Reads the Swap →
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