Glossary / finance terms
Consent and agreement
The usual US name for a direct agreement: a counterparty's consent to the lender's security over a contract, with notice, cure and step-in rights.
In the filed deals
Nscale's Ward County facility defines its Customer Direct Agreement as a Consent and Agreement among the borrower, the collateral agent and the customer.
For in-house counsel
Consent and agreement in the filed documents
Where the term turns up in filed contracts and what is market, for the lender’s or the borrower’s side. Previews are open; the full text is free with InfraCompute Weekly.
- Clause library: Customer direct agreement (consent and agreement)Lenders want the customer to acknowledge their security, give them notice and time to cure a default, and pay into the secured…
- Financing clause libraryCash traps, coverage ratios, cures and step-in, from the filed deals.
- Contract libraryGPU contracts, leases, power, equity and JVs, quoted from filed contracts.
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Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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