PARTY_1_NAME

PARTY_1_ADDRESS_SINGLE_LINE

 

26 December 2024

 

PARTY_2_CONTACT

[Title of the Contact person of the Bank]

PARTY_2_NAME

PARTY_2_ADDRESS_MULTI_LINE

Re: Consent to Enter Into Merger Agreement

 

Dear [Contact person of the Bank]:

 

Reference is hereby made to the Loan Agreement between the Company [The Company] (the “Company”) and [The Bank] (“Lender”) dated [Date of the Loan Agreement] (as the same may have been amended, modified, supplemented, extended, renewed, restated or replaced from time to time, the “Loan Agreement”), making available to the Company a revolving credit in the maximum principal amount of [Currency][Maximum Principal Amount]. The revolving line of credit is evidenced by a Promissory Note dated [Date of Revolving Line of Credit Promissory Note], and secured by a lien on the Company’s assets under a Security Agreement dated [Date of Security Agreement].

 

We are writing to advise you of a proposed merger of the Company and [Parties to be merged with the Company] (“Merger”), and to request your written consent to such proposed Merger under the Loan Agreement, notwithstanding the terms of the Loan Agreement to the contrary.

........................................