Loan Waiver Letter

This Loan Waiver Letter is designed for use by a lender where a borrower has defaulted under a loan agreement. It gives notice that the lender is waiving a breach of one or more borrower obligations.

What This Loan Waiver Letter Does

Where a lender is aware of an event of default (or a breach that will become an event of default), it is sensible to document promptly what action the lender is taking. Even where the loan agreement includes a waiver clause and the lender is prepared to overlook a specific default, recording the default and the waiver helps reduce the risk of dispute later.

Notice And Default Mechanics

Any waiver letter should comply with the notice and default provisions of the underlying loan agreement. This template is designed to comply with the relevant clauses in our Long Form Loan Agreement - Unsecured.

Loan Waiver Letter is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.