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Canadian M&A Law

Thursday, March 23, 2017 | Ideas and resources on the law of mergers & acquisitions

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The Rise of Limited Conditionality Commitment Letters in Canada

Posted in Agreements / Drafting Issues, Negotiated Transactions

Limited conditionality commitment letters, a relatively new phenomenon in Canada, were developed in the United States, where sellers have typically resisted the inclusion of financing conditions in acquisition agreements. As a workaround, U.S. buyers convinced their lenders to grant financing …