Our national banking and finance team can advise on the terms of finance documents and issues including breach of financial covenants and difficulties adhering to repayment profiles.
If you have any queries on COVID related funding packages which you have obtained or which you are planning to apply for, including how these relate to your existing funding arrangements please do contact us.
Many commercial lenders including banks, local government entities and fund managers have standard terms and conditions that apply to funding products they offer to both individuals and corporate entities. The terms and conditions often include clauses known as ‘Material Adverse Effect’ and ‘Potential Event of Default’ which operate to enable the lender to enforce its security if an event occurs which would or could have an adverse effect on the borrower’s ability to repay a loan.
If, as a result of the virus you have concerns in relation to your existing debt facilities or require specific advice on loan documentation fill in our form below.