Description
Navigate complex commercial loan documents and understand the key components of a credit agreement.Commercial loan transactions are complex, often involving multiple parties as lenders, borrowers, and guarantors, different types of collateral security, many complex business terms, and the possibility of bankruptcy. Commercial loan documentation reflects this complexity, and lenders and borrowers need to understand the business and legal issues involved in drafting and enforcing such documentation. This program will help lenders, borrowers, and their counsel understand the basic legal and business issues that commercial loan documentation must address, the basic documents used to address those issues, and the typical terms of those documents, with a focus on how those terms would be enforced in a loan default scenario.
Date: 2023-03-28 Start Time: End Time:
Learning Objectives
Basic Principles
• Borrowers, Guarantors, and Their Assets
• Lenders, Agents, and Participants
• Basic Legal Considerations
• Basic Loan Document Provisions
• Security for the Loan
• Default and Remedies
• Bankruptcy Considerations
Boilerplate and Why It Is Important
• Choice of Law and Consent to Jurisdiction and Venue
• Recourse Limitations
• Indemnities
• Assignment and Participation Provisions
• Amendment Provisions
• Further Assurances
Basic Loan Documents and Their Terms
• Loan Agreements and Promissory Notes
• Guaranties
• Authorization Documents
• Legal Opinions
Basic Security Documents and Their Terms
• Perfection of Liens and Security Interests
• Personal Property Security Documents
• Real Property Security Documents
• Ancillary Security Documents
Questions and Answers
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
William R. Wyatt-Sheppard, Mullin, Richter & Hampton LLP
