Standard documents
This is a list of all standard documents published by PLC. All standard documents have links to related drafting notes and are regularly updated by PLC editors.
For information on converting PLC standard documents into your firm's style, see PLC Firmstyle (www.practicallaw.com/A30700).
| Term sheet: syndicated term loan, pre-export finance facility A sample term sheet for the grant of a term loan by a syndicate of lenders for financing the production of commodities by the borrower. |
| Standby letter of credit A standby letter of credit to be issued in letter form, typically by a bank. |
| On demand performance bond An on demand performance bond (also called a performance guarantee) involving an independent payment obligation, to be issued in letter form, typically by a bank. |
| Charge over bank account A standard form charge in favour of a lender over monies held in a corporate borrower's bank account. This standard document contains integrated drafting notes and negotiating tips. For detailed information on issues that may arise when drafting a charge over a bank account, see General document notes below. |
| Guarantee and indemnity: corporate guarantor, specific liabilities A specific liabilities guarantee and indemnity given by a corporate guarantor of a company. Both companies are incorporated in England and Wales and security has been given by the borrower. |
| Promissory note A standard form promissory note under which one or more companies promises to pay an amount to the order of a specified company or to the holder of the note in due course. This standard document contains integrated drafting notes and negotiating tips. For detailed information on legal issues that may arise when drafting a promissory note, see Drafting note, Drafting assumptions and legal issues. |
| Guarantee and indemnity: cross-guarantee, corporate guarantors, all monies An all monies guarantee and indemnity given by one or more corporate guarantors over obligations owed by multiple obligors (cross-guarantee). Each of the guarantors and the borrowers are companies incorporated in England and Wales. |
| Irrevocable documentary credit application form Application to a bank for the issue of an irrevocable documentary credit (also called an irrevocable letter of credit). |
| Guarantee and indemnity: corporate guarantor, all monies An all monies guarantee and indemnity given by a corporate guarantor over obligations owed by a company. Both the guarantor and the borrower are incorporated in England and Wales. |
| Debenture A standard form debenture created by a company incorporated in England and Wales in favour of a single corporate lender. This standard document creates a mortgage over properties, fixed charges over a range of other assets and assignments by way of security over the benefit of contracts and insurance policies, together with a floating charge over assets not otherwise mortgaged, charged or assigned. This standard document contains integrated drafting notes and negotiating tips. For detailed information on legal issues that may arise when drafting a debenture, see Drafting note, About this document below. |
| Condition precedent waiver letter A letter waiving certain conditions precedent under a facility agreement (also known as a loan agreement). |
| Letter of credit A letter of credit (also called a documentary credit) to be issued by a bank, incorporating the Uniform Customs and Practice for Documentary Credits (UCP). |
| Security assignment of contractual rights A standard form security assignment of contractual rights, created by a company incorporated in England and Wales in favour of a single corporate lender. This standard document is to be used when taking security, being a mortgage by way of assignment, over the benefit of specified contracts entered into by the company and over the benefit of specified insurance policies taken out by the company. It does not create fixed or floating charges over contractual rights. This standard document contains integrated drafting notes and negotiating tips. For detailed information on legal issues that may arise when drafting a security assignment of contractual rights, see Drafting note, Drafting assumptions and legal issues. |
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