Lender Consent Requests: Issues to Consider | Practical Law
A Practice Note addressing issues a lender should consider when a borrower requests lender consent to an activity that is prohibited (or expressly requires lender consent) under a loan agreement. This Note covers what documents both parties should examine, negative covenants to look out for, and other provisions to review in a loan agreement such as consent clauses, costs and expenses clauses, and notices clauses.