Documents & Guidelines
The LMA endeavours to keep its documentation under constant review to ensure that it continues to meet the aims and needs of the primary and secondary loan markets. The production of recommended documentation remains one of our most important activities.
Our documentation is produced after extensive consultation with leading loan practitioners and law firms so as to represent an agreed common view of documentation structures. Standardisation of the "boiler plate" areas of the documents allows lenders and borrowers to focus on the more important commercial aspects of individual transactions.
The LMA is pleased to announce the publication of a recommended form of designated entity clause for use in the LMA's senior facilities agreement for leveraged acquisition finance transactions (senior / mezzanine) and the LMA's recommended form of syndicated facility agreements.
The LMA has reviewed and updated its African local law facility agreement and Users Guide, for use in each of Kenya, Tanzania, Uganda, Nigeria and Zambia. This follows an extensive review process by local LMA working parties in each of the relevant jurisdictions. Amendments include updates to certain statutory references, the drawing of a distinction between mainland Tanzania and Zanzibar, and additional guidance provided for Nigerian law transactions (including a footnote on execution by way of seal). The document has also been colour coded to make it easier to draw a distinction between clauses intended for different jurisdictions (including separate conditions precedent schedules for each country).
The LMA has updated its German law real estate finance facility agreement (both English and German language versions) to take into account the changes made to its English law real estate finance facility agreements in February 2017 (to the extent considered appropriate). These changes take into account the changes made to the LMA leveraged documentation in November 2016.
The LMA has updated its leveraged super senior facility agreements and intercreditor agreements to take into account the changes made to its leveraged documentation in November 2016 (to the extent considered appropriate). PDF versions of the facility agreements, intercreditor agreements and user guides highlighting the changes are available on our website.