Documentation of Loans and Advances

Course Details:

  • “Relevant companies”
  • Conflict between representations, conditions precedent, undertakings and events of default
  • The Pari Passu clause
  • The negative pledge
  • The cross default clause
  • The material adverse change clause
  • Linking the loan to the borrower’s rating
  • “Material”, “reasonable” worth the debate?
  • Grace periods
  • Prepayment events
  • Subjectivity and control in the context of events of default

 

What you will learn:

  • Understand the essential elements of various loan transactions
  • Appreciate how to avoid the conflict between representations conditions precedent undertakings and events of default
  • Gain a thorough understanding of different forms of contractual support and their advantages and disadvantages as compared with claims in debt
  • Discuss a variety of issues and comments on the loan agreement which are commonly raised by borrowers
  • Improve your knowledge of other common financing documents including a contract assignment and a subordination agreement
  • Be able to negotiate key clauses in a financing package
  • Master the important legal issues which commonly arise in a financing transaction including trusts and fiduciary duties

 

Requirements:

 

No experience required

 

Who can attend:

  • In-house lawyers in banks and financial institutions
  • Bankers concerned with the negotiation of loans
  • Bank executive involved in the documentation of loans
  • Lawyers in private practice who advise clients on loan agreements
  • Corporate counsel
  • Credit control officers
  • Credit administration officers

 

Learn by doing:

  • Understand the essential elements of various loan transactions
  • Appreciate how to avoid the conflict between representations, conditions precedent, undertakings and events of default
  • Gain a thorough understanding of different forms of contractual support and their advantages and disadvantages as compared with claims in debt
  • Discuss a variety of issues and comments on the loan agreement which are commonly raised by borrowers
  • Improve your knowledge of other common financing documents including a contract assignment and a subordination agreement
  • Be able to negotiate key clauses in a financing package
  • Master the important legal issues which commonly arise in a financing transaction including trusts and fiduciary duties.

Course at a Glance

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