Finance Deals & Syndicated Lending · glossary
The borrower's promises to keep the lenders informed: audited accounts within 120 days of the year end, half-year accounts within 90 days, a Compliance Certificate with each, and prompt notice of any Default. Lenders cannot act on trouble they cannot see, so a missed deadline is a breach. Clause 16 · Chapter 9
Explained in Chapter 9, Undertakings and Financial Covenants, of Finance Deals & Syndicated Lending.
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