Demand Letter - Borrower
Drafting notes
This precedent does not consider the requirements of Islamic finance in accordance with Sharia law. Care should be given to ensure documentation is Sharia compliant throughout the entire Facility Agreement process. For key details on Islamic finance, see Key Principles of Islamic Finance.
Demand Letter
To be printed on headed notepaper of the lender making demand
To: Insert name of individual and/or position
insert name of the Borrower or other relevant entity
insert address
insert fax no.
insert email address
copy specify to who
BY HAND OR POST OR EMAIL
Insert date of letter
Dear Sirs
Demand letter
Facility agreement dated insert date between insert name of lender (the Lender) and name of borrower (the Borrower) (the Facility Agreement)
[Debenture] dated insert date entered into by the Borrower in favour of the Lender (the Debenture)
Unless expressly defined otherwise, all words and expressions defined in the Facility Agreement shall have the same meaning in this demand letter.