Representations and warranties when acting for the borrower

This guidance note explains the purpose of representations and warranties in loan transactions and considers the difference between the purpose of representations and warranties in loan transactions as opposed to other contexts such as business acquisition agreements.

This guidance note also explains key considerations when reviewing representations and warranties, including repetition frequency, qualifications relation to materiality and qualifications relating to knowledge. It also provides guidance on common points for negotiation.

See Representations and warranties when acting for the borrower.