In legal terms, a declaration made by the borrower regarding the validity of security interests granted to

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In legal terms, a declaration made by the borrower regarding the validity of security interests granted to its creditors and included in the credit agreement is defined as:
a) Condition precedent
b) Representation
c) Reserved discretion

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Project Finance in Theory and Practice

ISBN: 978-0123919465

2nd edition

Authors: Stefano Gatti

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Question Posted: Apr 05, 2016 05:23 AM

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In legal terms, a declaration made by the borrower regarding the validity of security interests granted to

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B Representations are specific statements by the borrower who warrants their tr...View the full answer

Project Finance in Theory and Practice

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