One Reply to “What is Letter of Waiver in case of banks or any other loans?”

  1. Take a look at your loan agreement or bank agreement this letter is waiving a section that is likely in default. Without further details, I cannot tell you anything more specific. Here is an example, You must provide financial statement on a monthly basis. You did not provide the financial statement for one month. This is technically a default under the loan agreement. The bank unilaterally can waive it via a letter. If they do not waive it, then they can call a default and look to their rights and remedies under this agreement.

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