Economics

Waiver fee

Also known as: consent fee, amendment fee

status: draft

A fee charged by capital providers to waive a covenant breach, consent to an amendment, or forbear from exercising remedies. Typical range is $10,000-$50,000 flat or 10-25 basis points on facility size.

What to watch

Waiver fees are negotiable but expect to pay something for capital provider time and credit committee attention. Repeated waivers signal structural problems and will erode lender patience and economics over time.

Referenced in 12 topics

Amendments and waivers lifecycle-events Covenant cures and waivers mechanics Economic terms negotiation playbooks Executing a workout playbooks Finding service providers market-landscape Ongoing portfolio management operations-lifecycle Sample term sheet (annotated) appendix Term sheet anatomy documentation Understanding deal fees playbooks Waiver, amendment, or acceleration playbooks Working with credit funds playbooks Workouts, restructuring, and enforcement lifecycle-events