Commitment Letters in Commercial Loans
Borrower and Lender Approaches to Negotiate and Enforce Binding Loan Commitments
Recording of a 90-minute premium CLE webinar with Q&A
This CLE webinar will provide guidance to counsel for lenders and borrowers on negotiating loan commitment letters. The panel will outline best practices for enforcing loan commitments and resolving disputes.
- Legal developments
- Recent case law trends
- Impact of current market conditions on loan documentation
- Negotiating key terms
- Loan amount
- Interest rate
- Prepayment penalty
- Financial covenants
- Casualty and condemnation proceeds
- Default provisions
- Affirmative and negative covenants
- Enforcing commitments and resolving disputes
The panel will review these and other key questions:
- How are current market conditions affecting businesses' ability to obtain traditional bank financing?
- What are the key provisions in commitment letters—and how can the borrower and lender each minimize risk through these provisions?
- What lessons can be learned from Amcan Holdings Inc. and other recent case law developments on how to ensure that a commitment letter is binding upon the parties?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Aric T. Stienessen
Hinshaw & Culbertson
He represents lenders, investment banks and borrowers in commercial finance transactions. He also represents businesses... | Read More
He represents lenders, investment banks and borrowers in commercial finance transactions. He also represents businesses and real property developers in sales and purchase transactions involving commercial real property. He handles transactions involving mergers, acquisitions, divestitures, and corporate organization and governance.Close
Paul Weiss Rifkind Wharton & Garrison
He has over 20 years of experience as a financing lawyer. He represents domestic and international clients in their... | Read More
He has over 20 years of experience as a financing lawyer. He represents domestic and international clients in their borrowing and lending and other financing transactions, including acquisitions, divestures, structured financings and restructurings. He has significant expertise in structuring, negotiating and consummating both structured financings such as CLOs and CDOs and leveraged financings.Close
Pauline M. Stevens
She represents banks and other financial institutions as well as borrowers in connection with financial transactions... | Read More
She represents banks and other financial institutions as well as borrowers in connection with financial transactions ranging from leveraged financings to Chapter 11 exit financings, trade financings, credit enhancement, swaps and private banking. Her practice covers senior, mezzanine, second lien and subordinated debt, secured and unsecured financing, and bridge and asset-backed financing.Close