Commitment letter: joint arranging and underwriting mandate | Practical Law

Commitment letter: joint arranging and underwriting mandate | Practical Law

A commitment letter (also called a mandate letter) to be sent by banks to be appointed as co-arrangers and co-underwriters in relation to a proposed syndicated facility. It sets out the terms on which the banks will co-arrange and co-underwrite the loans or other facilities to be made to a borrower. The borrower grants the mandate by signing and returning the letter.

Commitment letter: joint arranging and underwriting mandate

Practical Law UK Standard Document 2-203-4832 (Approx. 21 pages)

Commitment letter: joint arranging and underwriting mandate

Maintained, England, Wales
A commitment letter (also called a mandate letter) to be sent by banks to be appointed as co-arrangers and co-underwriters in relation to a proposed syndicated facility. It sets out the terms on which the banks will co-arrange and co-underwrite the loans or other facilities to be made to a borrower. The borrower grants the mandate by signing and returning the letter.