Amendments and Waivers Clauses
(Credit Agreement)

Summary

This Amendments and Waivers clause for a credit agreement is used in a syndicated loan transaction to provide requirements for modifying agreement terms and for obtaining agent and lender group waivers of agreement requirements. This clause includes practical guidance and drafting notes. For a full listing of key content covering amendments, consents, and other modifications for loan documents, see Amendments, Consents, and Waivers Resource Kit. Read in conjunction with the practice note Amendments and Lender Voting Right Issues in Credit Agreements.