Conditions precedent phase in loan transactions

This guidance note describes what is involved in the conditions precedent phase in loan transactions. This phase often overlaps with the finance documents phase in loan transactions. Once the lawyers have started to draft the finance documents, the list of conditions precedent which the borrower will need to provide to the lender (or the facility agent in a syndicated transaction) before it can draw down the loan will start to take shape.

This phase is usually the second longest phase in the transaction. The length of this phase will depend on the number of conditions precedent in the transaction and the efficiency with which the borrower provides the relevant documents.

See Conditions precedent phase in loan transactions.