Finance Deals & Syndicated Lending · glossary
A clause making the borrower pay if a new law or rule after signing makes a loan more expensive for a lender, such as stricter capital rules. Rules already announced at signing are excluded, because the lenders priced them in. Clause 12 · Chapter 5
Explained in Chapter 5, Anatomy of a Facility Agreement, of Finance Deals & Syndicated Lending.
Clause 12 applies the same idea to regulation. If a new law or rule after signing makes a lender's commitment more expensive, the borrower pays the increased costs on demand. Stricter capital rules for banks are the usual case.Read Chapter 5, Anatomy of a Facility Agreement →
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