Finance Deals & Syndicated Lending · glossary
The Obligors' statements about their status, binding obligations, lack of conflict, and power and authority (clauses 15.1 to 15.4). Before completion, only one of these being materially untrue, a Major Default or illegality can stop the completion drawing. Definition: Major Representation · Chapter 4
Explained in Chapter 4, From Term Sheet to Signing, of Finance Deals & Syndicated Lending.
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a representation or warranty under clauses 15.1 to 15.4 inclusive, given by an Obligor only;Read the definition in the document →
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