Sustainability provision: Difference between revisions
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(Create page - source - Source - A Borrower's Guide to Sustainability-Linked Loan Terms - Slaughter and May, Association of Corporate Treasurers, August 2023, p39.) |
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Revision as of 17:29, 9 October 2023
1. Sustainability linked loans (SLLs) - documentation - Loan Market Association (LMA).
Under the Loan Market Association (LMA)'s draft provisions for sustainability-linked loans, the definition of a Sustainability Provision is intended to capture all the sustainability-related obligations imposed on the borrower under the sustainability linked loan (SLL).
In this context, failure to comply with a sustainability provision is designated as a sustainability breach rather than an event of default.
(Source - A Borrower's Guide to Sustainability-Linked Loan Terms - Slaughter and May, Association of Corporate Treasurers, August 2023, p39.)
2.
Similar provisions in other contexts.