Commitment Letter: "SunGard" Clause | Practical Law

Commitment Letter: "SunGard" Clause | Practical Law

A Standard Clause for commitment letters for financial buyers and sponsors in acquisition financings. This clause is used in lieu of traditional conditions precedent for representations and warranties made and collateral pledged on the closing date of the acquisition financing. The Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Commitment Letter: "SunGard" Clause

Practical Law Standard Clauses 9-381-9833 (Approx. 8 pages)

Commitment Letter: "SunGard" Clause

by Practical Law Finance
MaintainedUSA (National/Federal)
A Standard Clause for commitment letters for financial buyers and sponsors in acquisition financings. This clause is used in lieu of traditional conditions precedent for representations and warranties made and collateral pledged on the closing date of the acquisition financing. The Standard Clause has integrated notes with important explanations and drafting and negotiating tips.