Overview
An increasing number of commercial loans are syndicated or participated, and an increasing number of lenders sell interests in loans they originate or acquire interests in loans originated by other lenders. This OnDemand Webinar will explore loan assignment and participation transactions from the perspective of both the originating lender and the assignee or participant. You’ll learn about the nature, purposes and documentation of these transactions, basic due diligence considerations affecting each party, and loan administration and enforcement issues that arise during the term of a syndicated or participated commercial loan.
Authors
William R. Wyatt, Sheppard, Mullin, Richter & Hampton LLP
Self Study Credit - OnDemand Webinar
| CBC | 0.5 | | |
| CLE | 1.5 | AK, AL, AZ, CA, IL, MO, MS, MT, NC, ND, NY, PA, TN, VT, WA, WI | |
| CLE | 1.8 | WV | |
Agenda
- The Nature and Purpose of Loan Assignments and Participations
- Similarities and Differences Between Assignments and Participations
- Benefits and Risks of Assignments and Participations to the Parties
- Agent and Originating Lender
- Assignee or Participant
- Borrower
- Basic Document Terms
- Due Diligence Issues
- Credit Analysis of Borrower and Other Lenders
- Collateral Issues
- Documentation Issues
- Administration and Enforcement Issues
- Information Flow
- Voting Rights
- Defaults Within the Lending Group
- Loan Default, Workout and Enforcement Issues
- Costs and Indemnities
