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exhibit a:-
Covenant waivers
A lender may choose to waive the rightto demand repayment it acquires as aresult of a borrower’s covenant breach.For example, a waiver may:

• unconditionally ‘forgive’ the pastbreach so that the lender no longerhas (and never will have) a right todemand repayment as a result ofthat breach

• document the lender’s agreementnot to demand repayment for a fixedperiod of time after which it will decidewhether to require settlement

• be conditional on the borrowersatisfying new or additional covenantsor tests specified bythe lender.When assessing the impact of waiverson the related loan’s classification, it isimportant to consider both the timingof the waiver and how it affects the rightsof the parties at the reporting date.