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: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe a basic commercial loan document set and the basic provisions of each document.
* You will be able to explain the purpose of each basic commercial loan document.
* You will be able to identify the parties and assets available to satisfy a commercial loan.
* You will be able to review a commercial loan document set to determine its basic business terms and where and how it can be enforced.