However, the general format of the leverage agreement will be known to users of investment grades, and some of the “Boilerplate” provisions are essentially identical. A number of these common provisions are explained in detail from the borrower`s perspective in our existing ACT guide to LMA documentation for borrowers (the ACT Borrower`s Guide to the Investment Grade Documents, available under www.treasurers.org/loandocumentation/investmentgrade). The relevant sections are referenced in the text of this manual. About Slaughter and May Slaughter and May is a leading international law firm, known as a consultant to corporate treasurers in its domestic and international banking activities. The guide is published by the ACT and Slaughter and May and has been sponsored and produced by Slaughter and May (www.slaughterandmay.com). While the Association of Corporate Treasurers (ACT) is closely involved in the implementation of the terms of the Investment Grade Documents (LMA) investment facility agreements, the LMA did not sought the ACT`s advice or comment on the terms of the leverage facility agreement. The leverage agreement is therefore a more favourable document for lenders than investment documents and, importantly, is not supported by the ACT.