Representations & Warranties

By December 14, 2021No Comments

Clauses in project financing agreements where the Borrower – and potentially also the Sponsor(s) – confirm the accuracy and sufficiency of information or assurances provided to the lenders. Certain representations and warranties are deemed to be repeated at each drawdown or roll-over of a loan. If it can be shown that a representations and/or warranty is incorrect, the lenders may be entitled to call an Event of Default.