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.