Borrower's Breach Waiver And Consent Request To Lender (Loan Agreement)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📃 Waiver and consent requestBusiness activity
Request waiver and consentA waiver and consent request is a document that is used to request permission from an individual to waive their legal rights, or to provide their consent for something. This could include consenting to participate in a research study, or waiving their right to sue in the event of an accident."
As per the loan agreement, a breach may occur due to various reasons, including but not limited to late payments, failure to adhere to specific terms and conditions, or violation of any other provisions outlined in the agreement. The purpose of this template is to provide a standardized framework for borrowers to formally request the lender's understanding and cooperation in such a scenario.
The template typically guides the borrower in presenting their request for a waiver or consent to the lender, outlining the specific breach that has occurred and suggesting possible remedies. The document may include relevant sections discussing the consequences of non-compliance, the potential impact on the loan, and potential solutions that could rectify the situation.
Under UK law, the template ensures compliance with legal requirements and practices specific to loan agreements, as they apply in the United Kingdom. It may incorporate legal language and provisions derived from relevant legislation, case law, and general contractual principles governing loan agreements in the UK.
While this template serves as a helpful starting point for borrowers, it is essential to consult with legal professionals experienced in UK law to customize and adapt it to the unique circumstances of the loan agreement and any specific breach situations.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Witness Statement Supporting Application To Extend Administrator's Appointment
The witness statement may include information regarding the current state of affairs, the reason behind the need for an extension, the value and importance of the administrator's expertise in the specific case, as well as any positive impacts achieved during the initial appointment. The statement can also demonstrate the administrator's ongoing effectiveness in managing and resolving complex issues, maintaining stability, and safeguarding the interests of all relevant parties involved.
This template aims to present a persuasive case to the appropriate judicial or administrative authority, emphasizing the necessity and benefits of extending the administrator's appointment. By providing comprehensive details and concrete examples through the witness statement, it helps to build a compelling argument for the extension of the administrator's term, ultimately ensuring the continued success and smooth progression of the matter at hand.
Publisher
Genie AIJurisdiction
England and WalesVideo Editor Contract
This Video Editor contract template is designed for a commercial video editing organisation (or an individual video editor) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of video editing and video-editing-related services to be completed by the video editor on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the video editing firm or individual video editor on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
