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What to Know Before Negotiating Loan Agreements During a Period of Financial Turbulence
Sidney Goldstein
其他書名
Best Practices for Lawyers and Financial Institutions
出版ReedLogic, 2009-06
主題Law / GeneralLaw / Banking
ISBN15970148939781597014892
URLhttp://books.google.com.hk/books?id=BaJfPgAACAAJ&hl=&source=gbs_api
註釋"In the midst of the financial crisis, both lenders and borrowers face unprecedented issues and difficulties in maintaining existing credit facilities and negotiating new ones, to the extent such are available. In What to Know Before Negotiating Loan Agreements During a Period of Financial Turbulence: Best Practices for Lawyers & Financial Institutions, Sidney S. Goldstein shares his insights on being prepared to negotiate what were once considered boilerplate clauses in loan agreements. For borrowers and lenders, business as usual is no longer a viable option. They and their counsel must be prepared. What provisions will lenders now require to protect their position? More restrictive financial covenants will be the norm. Interest protection clauses will be tightened. Committed facilities will be diluted by a lender¿s right to demand payment in the event of a Material Adverse Change. Both borrowers and guarantors will be providing more non-traditional types of collateral. Lenders have become wary of the collectability of receivables, the saleability of inventory and the stability of securities portfolios. Further, banks are demanding increased spreads, premiums and fees in anticipation of increased delinquencies. Take the 60-minutes to attend this seminar to make sure you are updating loan agreements appropriately and are prepared to negotiate such documents. Upon ordering, Reed Seminars will send you a CD with the seminar on it for viewing on your computer or mobile media device (iPod/iPhone, Blackberry). The CD will include the PowerPoint presentation, audio narration and jpeg images of the slides (for watching on your mobile media device). The seminar is led by Sidney S. Goldstein (Partner, McCarter & English) who has over 45 years of experience representing financial institutions. The seminar focuses on: ¿ Understanding how lenders and their attorneys approach the negotiation and documentation process. ¿ Gaining insights into effective strategies for the negotiation of loan documents. ¿ Being familiar with the ancillary documentation typically prepared by lender¿s counsel. ¿ How to create and perfect security interests in collateral, wherever located. ¿ A paragraph-by-paragraph look at a loan agreement updated to reflect new terms being sought by financial institutions. Praise for Reed Seminars: ¿A tremendous time saver for the busy attorney...¿ ¿ Michael Goshko, Burns & Levinson ¿Thorough, informative and interesting...an efficient, effective means of gaining in depth insight¿.¿ - Greg Nowak, Partner, Pepper Hamilton ¿...get leading intelligence without ever leaving your office.¿ ¿ Alex Wilmerding, Partner, Boston Capital Ventures ¿¿an invaluable provider of this important information.¿ ¿ Ira Bogner, Partner, Proskauer Rose"