Waiver Request Letter

Document Summary

This document is used if the borrower requests the lender to waive a breach of one of the clauses of a facility agreement (loan agreement).

The borrower is obliged to specify the clause that he has violated and breached or may violate and breach in detail, as well as the description of the act that was committed.

Description

This document may be followed by a waiver letter where the lender expresses his consent to waive his right to claim for compensation judicially.

Jurisdiction

This document is intended for use in the Emirate of Dubai.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document. 

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.