Representations and warranties

This guidance note considers the meaning of representations and warranties under general contract law. It looks at their purpose in the context of financial transactions and the common types of representations found within the facility documentation. It also considers when representations are made during the life of a facility and the common negotiating points for the parties when agreeing the documentation.

Where appropriate, this guidance note highlights relevant provisions in the Asia Pacific Loan Market Association (APLMA) Australian secured term and multicurrency revolving syndicated facility agreement.

See Representations and warranties.