Finance Deals & Syndicated Lending · glossary
If it becomes unlawful for one lender to keep lending, for example because of new sanctions, its commitment is cancelled and the borrower repays its share at the end of the interest period. The other lenders stay in. Illegality can stop even a certain funds drawing. Clause 7.1 · Chapter 7
Explained in Chapter 7, Utilisation and Repayment, of Finance Deals & Syndicated Lending.
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