Jurisdiction(s):
United Kingdom

Loan and security documentation for English general partnerships: precedent plug-in clauses, drafting considerations, and real property mortgage adaptations

Published by a LexisNexis Banking & Finance expert

Precedents

Introduction

What does this Precedent cover?

This Precedent outlines:

replacement plug-in clauses for an English general partnership (ie a partnership which is not a limited partnership or a limited liability partnership), prepared for inclusion in the Precedent: Facility agreement (term loan): single company borrower—bilateral—with or without security or a guarantee
replacement plug-in clauses for an English general partnership drafted for insertion into the Precedent: Real property mortgage: single company chargor—bilateral—specific monies
further considerations when tailoring those precedents for use with an English general partnership

Making amendments

When adding substitute clauses or adapting these precedents, careful thought should be given to any relevant facts and commercial requirements arising from the underlying transaction and the partnership’s internal dynamics, for example:

whether any partners are individuals and/or corporate entities;
where partners are individuals, also consult the drafting notes in Precedent: Representations and events of default plug-in clauses for loan agreements and security documentation: individual borrower or chargor.

Always assess whether any consequential adjustments are required to any of the suggested clauses when applying or adapting them...

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Web page updated on 22/05/2026

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