Finance Deals & Syndicated Lending · glossary
A lenders' letter that names a Default, waives nothing and keeps every right alive while talks go on. It stops their normal dealings, such as collecting interest, being read as a waiver. Chapter 10
Explained in Chapter 10, Events of Default, of Finance Deals & Syndicated Lending.
Also explained in Derivatives.
While talks go on, the lenders carry on as normal and keep collecting interest. Atlas could later argue that this conduct waived the Default. A short reservation of rights letter stops that argument.Read Chapter 10, Events of Default →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Finance Deals & Syndicated Lending and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Finance Deals & Syndicated Lending → · All terms A–Z →