Assignment and conditions precedent when acting for the borrower

This guidance note considers the borrower’s perspective on matters of assignment and conditions precedent.

The assignment clause in most first draft loan agreements is heavily weighted in favour of the lender and this guidance note explains considerations for the borrower’s lawyer when advising on assignment clauses.

The guidance note also explains the role of the borrower’s lawyer in the provision of the legal related conditions precedent, so that completion can occur quickly and smoothly.

See Assignment and conditions precedent when acting for the borrower.