Drawdown complete. Now the real tracking begins. Insurance certificates within 30 days. Security perfection within 60. Account mandates within 90. Conditions subsequent slip through the cracks until they become covenant breaches. Legatics keeps post-completion obligations visible with deadline tracking, integrated signing, and compliance-ready documentation.

The challenge: traditional conditions subsequent process

Conditions subsequent are post-completion obligations that must be satisfied within specified timeframes after drawdown—missing them risks covenant breach and lender enforcement rights. Traditionally, lawyers track these in Word tables or Excel, with deadlines scattered across documents and responsibility unclear between borrower, counsel, and agents. As time passes after completion, attention shifts to other matters. When a deadline approaches—or worse, passes—scrambling to locate requirements, chase documents, and evidence compliance becomes urgent and stressful.

How Legatics streamlines the conditions subsequent process

• Deadline-Focused Tracking – Build lists with each condition subsequent, deadline date, responsible party, and current status. Filter by upcoming deadlines to prioritise action.
• Responsibility Assignment – Assign each item to specific team members or external parties. Everyone knows what they own and when it’s due.
• Integrated Signing – Route security documents, certificates, and confirmations for signature via DocuSign. Track execution status alongside your conditions list.
• Secure Lender Sharing – Use Data Rooms to share completed documents with agents and lenders. Granular permissions control access; audit trails evidence delivery.
• Compliance Evidence Packs – Use Binders to compile satisfaction evidence into indexed packs for each condition subsequent tranche. Documentation ready for lender review.
• Complete Audit Trail – Every update logged with timestamps. Evidence exactly when each condition was satisfied and documents delivered.

Benefits of streamlining your conditions subsequent process

• Deadline Visibility – Clear tracking surfaces upcoming obligations before they become urgent or overdue.
• Reduced Covenant Risk – Systematic tracking ensures no condition subsequent slips through the cracks after completion.
• Evidence of Compliance – Compiled documentation packs and audit trails demonstrate timely satisfaction to lenders.
• Client Protection – Proactive deadline management protects borrower clients from inadvertent covenant breaches. </aside>

How it works in Legatics

For more information about how Legatics can transform your banking and finance transaction management, book a demo with our team.