Draft a waiver, amendment or covenant-compliance certificate
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Set out the clause to be waived or amended, the requested change and the consent level the credit agreement states, in a comparison table. Do not produce the signed waiver.
- What the lawyer must review
- The consent level and the form of certificate come from the credit agreement, not from a model. The LSTA’s 21 July 2026 private-credit provisions are a market starting point only, and the text is not on the public page. Read the amendment and waiver clause, and any affected covenant, before the document is signed. Opinion 512: verify the draft and do not put the agreement into a public tool.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording and identifying points for review. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| US contractual covenant compliance certificate | Letter | AI use Yellow | A contractual certificate that the borrower completes against covenants extracted from the facility. |
Signed-in accounts can read the full text of each one. All precedents.