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Erroneous Payment Provisions in Loan Agreements: Common Features; LSTA Form; Negotiation T...
Fine Tuning Revlon Blockers to Protect Borrowers, Lenders and Administrativ...
June 25, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will explore the evolution of erroneous payment provisions in credit agreements as a result of the infamous Revlon case. The panel will review provisions developed by market participants, including language advanced by the Loan Syndication and Trading Association (LSTA), and discuss... Read More

Structuring Secured Lending Transactions: Identifying Property the Debtor Does Not Own an...
Interpreting Best Efforts, Ordinary Course, Business Judgment, Reasonable D...
June 27, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss drafting and interpreting exclusions from collateral for assets that are subject to restrictions on being pledged by the loan parties. The speaker will also discuss the Article 9 rules that override restrictions on assignment. Read More

Viewing Loan Origination From a Servicing Perspective: Avoiding Issues for Lenders and Bor...
Taking a Close Look at Assumptions, Equity Transfers, Guarantor Replacement...
July 11, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will address provisions that should be considered at the time of origination of a loan to avoid issues for lenders and borrowers during the loan's term. The panel will focus on how loan terms related to assumptions, equity transfers, guarantor replacements, cash management, and oper... Read More

Distressed Financing: Avoiding Pitfalls in Planning and Execution
Agency Resignation and Transfer, Rebalancing of Facilities, and Internal an...
July 18, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine some of the more common pitfalls in loan restructurings that are frequently unidentified or ignored until they appear at or after closing. The panel discussion will include agency resignations, loan mechanics, internal compliance, and regulatory considerations, as well a... Read More

NAV Financing Developments: Holdco Structures, Collateral and Credit Support, Loan-to-Valu...
July 25, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide an overview of the latest developments and trends in net asset value (NAV) financing loan structures. The panel will discuss the market conditions that have led to an increase in the number of NAV financings, the growing use of holding company (Holdco) loan structures, v... Read More

Tax Considerations With Debt Restructuring and Loan Workouts: Issues for Lenders and Borro...
August 1, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will examine the federal income tax implications of loan workouts and restructurings and the impact on the lender and borrower. The panel will discuss planning techniques to address cancellation of indebtedness income (CODI), original issue discount (OID) income, and other tax issue... Read More

Structuring Credit Support Agreements in Fund Finance: ECLs, Guaranties, Keepwell Agreemen...
August 8, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will explore the recent rise in credit support transactions in fund finance. The panel will discuss structuring considerations and explain the differences between the common types of credit support including capital commitments, equity commitment letters (ECLs), guaranties, keepwell... Read More

Mezzanine Loan Foreclosures: Conducting a UCC Foreclosure Sale and Navigating Bankruptcy P...
Protecting Lender and Borrower Interests and Overcoming Obstacles to the Sa...
August 15, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will guide counsel for commercial borrowers and lenders facing a mezzanine loan foreclosure under Article 9 of the Uniform Commercial Code (UCC). The panel will outline best practices for lenders to carry out a UCC foreclosure on a mezzanine loan. Read More

Combining Asset-Based and Term Lending Facilities: Navigating Competing Interests, Harmoni...
August 29, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the complexities in negotiating and documenting an asset-based lending (ABL) facility alongside a leverage loan facility with the same borrower, including the differing collateral and priorities between an asset-based facility and a term loan facility, and how those diff... Read More

Liability Management Transactions: Drop-Down Financings and Uptiering Transactions, What i...
September 19, 2024 CLE Live Webinar
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss liability management transactions currently being employed in the syndicated loan market, including "drop-down" and "uptiering" structures and how lenders might respond to these financing maneuvers. The panel will focus on liability management transaction issues highligh... Read More

UCC3 Financing Statement Amendments: Avoiding Loss of Lien Perfection or Priority
June 20, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will brief counsel on the proper use of the UCC3 amendment form and its electronic equivalent, identify surprising traps for the unwary that can result in the loss of perfection or priority of a lender's security interest, and offer best practices for secured parties to avoid unneces... Read More

U.S. vs. EU Opinion Practice in Finance: Assumptions, Exceptions, Enforceability; Mitigati...
June 18, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide a framework for U.S. attorneys to give opinions in cross-border transactions, including enforceability, authority, choice of law, the golden rule, misleading opinions, and more. The panel will discuss how differences in custom and practice between U.S. and non-U.S. lawye... Read More

Debtor-in-Possession Orders and Loan Agreements: Loan Structures and Common Terms, Events...
June 13, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss debtor-in-possession (DIP) financing and common loan structures and terms. The panel will review the statutory basis for DIP financing, lender strategies and goals, the DIP financing process, loan structure and amount, price and fees, term and maturity, liens, covenants... Read More

Commercial Loan Agreements 101: A Section-by-Section Roadmap of Key Terms, Advising Borrow...
May 22, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will provide an introduction and practical guide to the basic concepts of commercial finance and a section-by-section analysis of the terms and conditions contained in a commercial loan agreement. The panel will also review the various types of credit facilities, the circumstances w... Read More

Drafting Standstills in Intercreditor Agreements: Balancing Rights and Remedies of Junior...
Structuring Duration, Commencement, Expiration, Notice, Reinstatement, and...
May 9, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss critical issues involved in drafting and negotiating standstill provisions of intercreditor agreements from the perspective of both senior and junior lienholders. Topics the program will address include, among others, the scope, nature, duration, and commencement of the... Read More

Collateral Accounts in NAV and Subscription Facilities: Control Agreements; UCC Perfection...
April 18, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss the importance of single-purpose collateral accounts in subscription and net asset value (NAV) financing facilities. The panel will review what constitutes "control" of collateral accounts under the Uniform Commercial Code (UCC) and will highlight best practices for per... Read More

Warehouse Lines of Credit: Drafting Financing Agreements, Custodial Agreements, Reps and W...
Perfecting Security Interests in Mortgage Loans, Analyzing Repurchase Oblig...
April 16, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will examine how a warehouse line of credit is documented between a mortgage loan originator and its warehouse lender, the representations and warranties made by the loan originator, and the remedies for breaches. The panel will also discuss the perfection of the lender's security i... Read More

LLC and Partnership Transfer Restrictions and UCC Article 9 Overrides: Resolving the Confl...
April 10, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will analyze the complex issues associated with partners' and LLC members' right to contractually restrict their partners from transferring their interests. These restrictions may in some cases come in sharp conflict with UCC Article 9 security interests that in some instances may ov... Read More

Structuring Revolving Credit Facilities: Draw Provisions, Swingline Financing, Lender Liab...
April 2, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will guide finance counsel on the structuring and documentation of revolving credit facilities. The panel will discuss draw mechanisms and other key provisions and the potential legal ramifications for lenders who fail to fund under the credit agreement. The panel will also discuss... Read More

Exercising Remedies After a Default: Forbearance Agreements and Other Workout Options
March 20, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide lender's counsel with a framework for responding to commercial loan defaults. The panel will discuss remedies typically available under loan documents, creative approaches to deal with troublesome loans, and issues the lender should consider before proceeding with accele... Read More

Financing-Related Provisions in Acquisition Agreements
March 13, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide an overview of critical financing-related provisions in acquisition agreements from multiple perspectives and provide a conceptual understanding of how the provisions in question interplay with the goals of the particular party. The panel will review example provisions a... Read More

Equity Interests as Collateral: Creating and Enforcing Security Interests in Equity of Cor...
Planning and Documentation Issues, Avoiding Potential Pitfalls in Perfectin...
February 28, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will guide commercial finance counsel on how to document a security interest in corporate stock, partnership interests, and LLC interests, how to properly perfect such security interests, and how to evaluate and pursue enforcement remedies in the event a borrower defaults. Read More

Perfecting Security Interests in Deposit Accounts, Securities Accounts, and Other Investme...
Establishing Control Under the UCC With Special Types of Collateral
February 23, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide commercial finance and bankruptcy attorneys with an analysis of the requirements and methods for creating and perfecting security interests in bank accounts, securities accounts, and other investment property to achieve the desired priority. The panel will offer best pra... Read More

Corporate Transparency Act's Impact on Loan Transactions: Pre-Closing Due Diligence, Legal...
February 22, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss the effect of the Corporate Transparency Act's (CTA) beneficial ownership information (BOI) rule on loan transactions, including pre-closing due diligence procedures, legal opinions, and loan processing procedures and documentation. The panel will review the new require... Read More

Interest Rate Protection Agreements: Strategies to Combat Interest Rate Volatility in an U...
February 1, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will explore how interest rate protection agreements are used to mitigate the risks of floating rate loans and the related loan document analysis. The panel will discuss the economics and components of an interest rate cap and the accompanying loan documentation requirements. Read More

Incremental Financing and Syndicated Facilities: Borrower and Lender Considerations When A...
Accordion, Incremental-in-Lieu Debt and Ratio Debt Baskets, MFN Provisions,...
January 25, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will explore the issues borrowers and creditors should consider in analyzing and documenting new debt under syndicated credit facilities. The panel will discuss accordion and incremental-in-lieu provisions and ratio debt baskets, which allow new lenders to benefit from a pari passu... Read More

E-Signatures and Electronic Documents in Commercial Lending: Complying With ESIGN, UETA, I...
Navigating Issues of Enforceability, Authentication of E-Signatures, and Ad...
January 22, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide counsel with an examination of recent legal trends and developments impacting commercial documentation created online (including clickwrap, browsewrap, and the like) and signatures sent via email, text messaging, or other forms of electronic communication, focusing on lo... Read More

True Sale and Non-Consolidation Legal Opinions in Securitization and Structured Financing...
Purpose, Assumptions, Language, Characteristics; Minimizing Risks to the Pr...
January 18, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide legal practitioners with practical advice about preparing true sale and non-consolidation legal opinion letters in securitizations and other structured finance transactions. The panel will review the common elements of these opinion letters, highlight the attendant risks... Read More

Evaluating Key Intercreditor Arrangements: First Lien/Second Lien, Split Collateral, Senio...
Comparing and Contrasting Intercreditor Structures, Choosing the Arrangemen...
January 4, 2024 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide counsel with context for negotiating intercreditor arrangements by comparing critical aspects of the most common arrangements--first lien/second lien, split collateral, senior/mezzanine, and unitranche structures. The panel will also discuss significant recent trends in... Read More

Finance Transactions: Structuring Legal Opinions for Amendments, Joinders, New Collateral,...
December 21, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss the issues finance counsel should consider when rendering or reviewing opinions in connection with various types of loan modifications. The discussion will include amendments that add collateral or guarantors, add tranches of debt, or modify borrower ownership structure... Read More

Structuring Umbrella Credit Facilities in Fund Finance: Multiple Funds With Different Borr...
Drafting a Single Credit Facility With Distinct Covenants, Reps and Warrant...
December 14, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss the structuring of credit facilities comprised of multiple funds having similar sponsorship but different borrowing bases. The panel will discuss how the fund group concept should be documented to provide a single credit facility with distinct covenants, reps and warrant... Read More

Private Credit Finance: Growth Trends, Structuring Considerations, and Certain Key Terms a...
December 7, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine certain trends and developments in the private credit markets. The panel will discuss various types of private credit financing, key advantages and risks associated with such financing, and important terms and downside protections that are frequently built into credit do... Read More

Asset-Based Lending: Navigating Borrowing Base, Article 9 Collateral Issues, Key Provision...
November 29, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss asset-based lending (ABL) transactions, including issues associated with the borrowing base, obtaining and perfecting a security interest in the assets under the UCC, and essential terms in the ABL documentation. The speakers will discuss ABL facilities for restructuring... Read More

Accounts Receivable Factoring as a Financing Alternative: Structuring the Transaction and...
November 16, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will explore the dynamics of accounts receivable (A/R) factoring as a source of working capital financing. The panel will discuss the key differences between factoring and lending, how transactions are structured and documented, how risks are managed, and how to avoid common issues... Read More

Swaps in Commercial Finance Transactions: Coordinating Loan Terms With the ISDA Master Agr...
Documenting Commercial Loans and Interest Rate Swaps to Account for Loan Co...
November 9, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will guide finance counsel on how interest rate swaps and other derivative products are used to hedge risk in loan transactions, how derivatives terms are appropriately integrated into loan documentation, and how to document the swap transaction to ensure consistency with the loan. Read More

Secured Lending to Foreign Borrowers: UCC Perfection, Enforcement Risks, and Conflict-of-L...
November 1, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will analyze the Uniform Commercial Code (UCC) provisions applicable to cross-border financing transactions and discuss some of the enforcement and conflict-of-laws challenges lenders and finance counsel should understand when structuring a secured transaction involving a foreign obl... Read More

Structuring Uptier and Drop-Down Financing Transactions: Crafting Loan Terms to Manage Exp...
Lessons Learned From the Serta Simmons Case and Other Recent Liability Mana...
October 19, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss recent financing trends with drop-down and uptier liability management transactions (LMTs). The panel will provide suggestions for borrowers and lenders when crafting and structuring loan documents to manage exposure and mitigate risks in light of recent cases construin... Read More

Opinions of Counsel in Lending Transactions: Scope and Assumptions, Substantive Opinions,...
Structuring Third-Party Opinion Letters to Lenders Which Minimize Risks to...
October 12, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide legal practitioners with practical advice about preparing opinion letters and the typical language included in standard opinions requested in commercial finance transactions. The panel will review the common elements of an opinion letter, highlight the attendant risks an... Read More

Proposed UCC Amendments for Cryptocurrencies, NFTs, Linked Electronic Payment Rights, and...
Controllable Electronic Records, Qualifying Purchaser, Rights Tethered to a...
September 26, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the 2022 amendments to the Uniform Commercial Code (UCC) regarding virtual currencies, non-fungible tokens, and other digital assets. The panel will discuss the concept of "controllable electronic records" (CERs), how they are transferred, the related secured transaction... Read More

Restructuring Unitranche Facilities: Navigating the Unique Aspects of Agreements Among Len...
Rights and Remedies of First-Out and Last-Out Lenders Inside and Outside of...
September 21, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide counsel with an overview and discussion of the unique aspects of unitranche loan facilities and the interplay of those aspects in restructuring and working out of a troubled loan. Read More

Proposed Bank Capital Requirements: Basel III Endgame Implementation, Impact on Lending St...
Structuring Product Pricing, Increased Cost Provisions, and Other Key Terms...
September 14, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will cover the recent release of proposed regulatory capital requirements (known as the Basel III Endgame) and how they will impact the commercial lending landscape. The panel will discuss potential changes to loan structures and loan documentation and provisions to respond to these... Read More

Recurring Revenue Financing: Structuring, Documentation, and Financial Covenants
September 7, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the unique characteristics of recurring revenue financing (RRF) and the issues lenders and borrowers should consider in structuring recurring revenue transactions. The panel will also discuss how to address the conversion of such transactions to more conventional earning... Read More

UCC Article 9 Update on Searching and Filing: Best Practices for Secured Lenders
August 31, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will outline best practices for secured lenders regarding filing and searching methods under the Article 9 filing rules. The program will also address recent case law developments and the impact on searching and filing from the 2022 amendments to the Uniform Commercial Code. Read More

Structuring Farm and Agribusiness Loans: Key Terms, Mitigating Risks, and Role of the Farm...
August 23, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss the unique issues farm loans present given the underlying collateral and applicable laws. The panel will address best practices that lenders should follow when granting agricultural-based loans, techniques to combat the biggest challenges, advice on mitigating risks, an... Read More

Document AI in Loan Production and Servicing: Identifying and Addressing the Legal and Reg...
Balancing Increased Efficiencies and Lower Costs While Ensuring Compliance...
August 17, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss the vital role Document AI (intelligent document processing) plays in loan production and servicing. Despite the cost savings and efficiencies in the use of these technologies, financial institutions need to be mindful of the guidelines and regulations related to fair le... Read More

Due Diligence in Fund Finance Transactions: Key Considerations for Lenders in Subscription...
August 10, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss various aspects of due diligence which should be conducted in fund finance transactions, including subscription credit facilities (SCF) and net asset value (NAV) credit facilities. The panel will describe some of the current diligence practices typically involved in eac... Read More

Representing Co-Lenders in Syndicated Credit Facilities
Consent Rights, Sacred Rights, Waterfall and Pro-Rata Sharing Provisions, R...
August 3, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine syndicated loans from the co-lender's perspective. The panel will discuss deal points of particular concern to co-lenders, including trends in negative covenants and collateral leakage, voting rights, waterfall and pro-rata sharing provisions, intercreditor arrangements,... Read More

Anatomy of a Loan Agreement: Defined Terms, Affirmative/Negative Covenants, Events of Defa...
Syndicated Loans and the Administrative Agent
July 25, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will provide a section-by-section analysis of the terms and conditions contained in a commercial loan agreement. The panel discussion will include various types of loan facilities including term loans, revolving credit facilities, and syndicated transactions. Read More

ESG in Fund Finance: New Principles and Guidance for Structuring and Drafting Sustainabili...
July 18, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss ESG in fund finance, and specifically how to structure and draft sustainability-linked loans (SLLs) to achieve ESG-related objectives that comply with the new principles and guidance. Read More

Structuring Credit Facilities for Private Equity Funds: Subscription, NAV, and Hybrid Loan...
July 13, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide finance counsel with the tools to structure credit facilities for private equity funds, including subscription and net asset value (NAV) based facilities and hybrids that combine aspects of both. The panel will contrast the documentation and collateral for subscription v... Read More

Structuring Commercial Finance Term Sheets, Proposals, and Commitment Letters: Key Terms f...
Avoiding Unintended Consequences, Limiting Drafting Ambiguity
June 29, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide commercial finance counsel with guidance on using and analyzing term sheets, proposals, and commitment letters in commercial finance transactions. The panel will explain the potential risks associated with their usage and provide best practices for minimizing those risks... Read More

Structuring Pledge Agreements for Equity Interests in Partnerships and LLCs to Maximize Pr...
Key Provisions for the Security Agreement and the Borrower's Partnership or...
June 15, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will prepare lender's counsel to draft pledge and other agreements that establish a security interest in partnership and LLC interests. The panel will outline corresponding provisions to include in the borrower's operating or partnership agreement to maximize protection for the lende... Read More

Lending to Private Credit Funds: ABL, Mezzanine and Other Facilities, Rated Notes, Partner...
Assessing Ability to Transfer and Modify Underlying Loans, Durational Risk,...
June 8, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the structuring of loans for private credit funds, including NAV/ABL credit facilities, rated notes, partner loans, and other methods by which private lenders finance their lending capabilities. The panel will discuss special concerns with private credit funds, including... Read More

Letters of Credit: ISP98 Forms, UCC Article 5, UCP, Draw Procedures, and More
Drafting Commercial vs. Standby, Conditional vs. Unconditional, Limited Ter...
May 25, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will prepare counsel to draft and review commercial and standby letters of credit (LCs) that comply with Article 5 of the UCC as well as rules of practice, including International Standby Practices 1998 (ISP98) and Uniform Customs and Practice for Documentary Credits (UCP). The panel... Read More

Structuring Covenants in Leveraged Financing and High-Yield Bonds
Additional Debt Covenants, Equity Cures, Builder Baskets, Restricted Subsid...
May 4, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine current market terms and conditions for leveraged loans and high-yield bonds and the characteristics common to each type of financing. The panel will discuss various covenants, including additional debt provisions, equity cures, builder baskets, and other key terms and c... Read More

Final Phaseout of LIBOR: Amending Legacy Instruments, Fallback Language, Applying SOFR and...
Adjustable Interest Rate (LIBOR) Act, LSTA Amendment Forms
April 25, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss the scheduled phaseout of LIBOR (London Interbank Offered Rate) and outline steps finance counsel must take now to amend existing credit agreements tied to LIBOR to transition appropriately to a new benchmark rate. The panel will discuss issues to consider in implementi... Read More

Final Phaseout of LIBOR: Amending Legacy Instruments, Fallback Language, Applying SOFR and...
Adjustable Interest Rate (LIBOR) Act, LSTA Amendment Forms
March 9, 2023 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE webinar will discuss the scheduled phaseout of LIBOR (London Interbank Offered Rate) and outline steps finance counsel must take now to amend existing credit agreements tied to LIBOR to transition appropriately to a new benchmark rate. The panel will discuss issues to consider in implementi... Read More

Credit Support in Fund Finance: Documentation and Enforcement
Capital Commitments, Guaranties, Equity Commitment Letters
February 16, 2023 CLE CLE On-Demand, Download
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This CLE course will examine three types of credit support packages that lenders may consider when lending to a private investment fund. The panel will discuss the credit support features of unfunded equity capital commitments of limited partners (capital commitments), a guaranty and an equity commi... Read More

Structuring Agreements Among Lenders in Unitranche Facilities: LSTA Form
Tranching, Payment Waterfalls, Interest and Fees, Voting, Buyouts, Standsti...
February 2, 2023 CLE CLE On-Demand, Download
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This CLE course will discuss structuring and negotiating key terms of the agreement among lenders (AAL) in a unitranche facility, focusing on tranching, payment waterfalls, interest and fees skims, voting, buyouts, remedies, standstill provisions, and assignments. The program will also discuss the e... Read More

Secured Financing of Inventory: Revolving Credit, UCC Perfection, Proceeds, Competing Lien...
January 11, 2023 CLE CLE On-Demand, Download
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This CLE course will enable finance counsel to structure a revolving credit financing where inventory is the collateral. The panel discussion will include attachment and perfection under the UCC, ensuring a continuing interest in proceeds upon sale, and how best to establish priority over competing... Read More

UCC Articles 8 and 9 and the Hague Securities Convention
Revising Securities Account and Account Control Agreements, Determining Whe...
December 20, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE program will explain the effect of the Hague Securities Convention on practices under Articles 8 and 9 of the Uniform Commercial Code. It will focus on the circumstances in which new clauses should be inserted into securities account agreements and account control agreements and in which in... Read More

Drafting Legal Opinions for Article 9 Security Interests: Navigating the Complexities and...
Scope and Limitations, Interests of Opinion Giver and Recipient, Applicabil...
December 15, 2022 CLE CLE On-Demand, Download
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This CLE course will guide counsel in preparing and providing opinion letters for commercial financing transactions involving security interests under Article 9. The panelists will review the scope and limitations of the opinion, the balancing of the interests of opinion givers and recipients, and t... Read More

Financing of Bitcoin and Other Crypto Assets: Structuring, Regulatory, Valuation, and Hedg...
October 27, 2022 CLE CLE On-Demand, Download
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This CLE webinar will analyze legal challenges to financing bitcoin and other crypto assets for bank and non-bank lenders. The panel will discuss the underlying blockchain architecture for transferring cryptocurrencies and regulatory, custodial, and UCC perfection issues concerning financing these a... Read More

Default Interest, Late Fees, and Prepayment Premiums: Drafting and Enforcement
Hot Button Issues for Lenders on Acceleration, Enforceability in Bankruptcy...
October 18, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will examine loan provisions that can become critically important in an event of default, including notice and cure, acceleration, default interest, late fees, and prepayment or "make-whole" premiums. The panel will also discuss pitfalls to avoid in the enforcement of these provision... Read More

UCC Security Interests in Payment Intangibles: Intercompany Debt, Promissory Notes, and De...
Perfecting Interests in Financial Instruments and Contractual Payment Oblig...
September 29, 2022 CLE CLE On-Demand, Download
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This CLE course will examine the treatment of UCC security interests in debt obligations, intercompany loans, promissory notes, and other payment intangibles under the UCC. The program will guide counsel in creating and perfecting security interests in these contractual payment obligations. Read More

Swaps in Commercial Finance: Special Concerns With Modifications and Syndications, LIBOR T...
September 22, 2022 CLE CLE On-Demand, Download
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This CLE webinar will examine issues that can arise when loans that are hedged with interest rate swaps are modified, extended, or prepaid. The panel will discuss the complexities of entering and modifying swaps in syndicated credit facilities. The panel will also review what steps, if any, lenders... Read More

Proposed UCC Amendments for Cryptocurrencies, NFTs, Linked Electronic Payment Rights, and...
Controllable Electronic Records, Qualifying Purchaser, Rights Tethered to a...
September 13, 2022 CLE CLE On-Demand, Download
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This CLE course will examine recently proposed amendments to the Uniform Commercial Code (UCC) regarding virtual currencies, non-fungible tokens, and other digital assets. The panel will discuss the concept of "controllable electronic records" (CERs), how they are transferred, the related secured tr... Read More

Structuring Participation Agreements in Commercial Finance: Lender Due Diligence
Strategies for Lead Lenders and Participants to Minimize and Manage Risk; F...
September 8, 2022 CLE CLE On-Demand, Download
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This CLE course will examine current trends in the loan participation market, critical provisions of participation agreements, and best practices in due diligence for participating lenders. The panel will also discuss FDIC regulatory guidance regarding risk management for purchased loans and purchas... Read More

Opinions in Structured Finance and Securitized Lending Transactions: Bankruptcy Remoteness...
Assumptions, Qualifications, Limitations, and Use of Letters; Reducing Risk...
September 1, 2022 CLE CLE On-Demand, Download
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This CLE course will provide a review of the use of opinion letters in structured finance transactions, explain various elements of the opinions, and outline the types of assumptions and qualifications the opinion giver should utilize to minimize risks. Read More

Structuring Aircraft Acquisition Transactions: Purchase, Lease, and Financing Alternatives
August 25, 2022 CLE CLE On-Demand, Download
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This CLE course will examine the purchase, lease, and financing structures available for acquiring aircraft. The panel will examine specific structures involving purchase contracts, security agreements, and leasing options. The panel will also discuss underlying concerns for buyers/lessees/borrowers... Read More

UCC Secured Transactions: Documenting and Perfecting Security Interests, Navigating Compet...
July 21, 2022 CLE CLE On-Demand, Download
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This CLE course will discuss requirements for security documentation, UCC rules for perfecting the security interest, and the pitfalls encountered with competing liens and hidden liens that may trump the lender's lien priority. Read More

Note Purchase Agreements and Private Placement Debt: Key Terms and Structuring Issues
May 26, 2022 CLE CLE On-Demand, Download
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This CLE webinar will provide finance counsel with the tools to structure private placement debt. The panel will discuss the drafting and negotiation of the note purchase agreement, the offering memorandum, and the role of the agent, issuer, and investors in the private placement transaction. Read More

Structuring Margin Financing for Private Equity Funds: Securities as Collateral, Margin Ca...
May 19, 2022 CLE CLE On-Demand, Download
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This CLE webinar will examine margin loan facilities where securities are pledged as collateral. The panel will discuss the pros and cons of margin loan financing for private equity sponsors, the key terms and structural components of margin loan facilities, the mechanics of margin calls and cures,... Read More

Security Interests in Uncommon Collateral: IP, Insurance Policies, Agricultural Products,...
Navigating Attachment, Perfection, and Priority Under the UCC, Federal and...
May 12, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will examine the attachment and perfection of security interests in various types of unusual collateral. The panel will discuss the laws and protocols beyond Article 9 of the UCC that come into play when perfecting interests in trademarks, copyrights, insurance policies, agricultural... Read More

Early Stages of a Commercial Loan Workout: Pre-Negotiation Agreements and Other Key Consid...
May 5, 2022 CLE CLE On-Demand, Download
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This CLE course will provide an in-depth discussion of considerations to be made by borrowers, guarantors, lenders, and servicers early on in the commercial loan workout process. Read More

Structuring Revolving Credit Facilities: Draw Provisions, Swingline Financing, Lender Liab...
April 21, 2022 CLE CLE On-Demand, Download
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This CLE webinar will guide finance counsel on the structuring and documentation of revolving credit facilities. The panel will discuss draw mechanisms and other key provisions and the potential legal ramifications for lenders who fail to fund under the credit agreement. The panel will also discuss... Read More

Private Equity GP and Employee Co-Investment Credit Facilities, Management Lines of Credit
Due Diligence, Structuring and Documentation; Role of Sponsor, Administrati...
April 14, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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The CLE course will outline the key considerations in structuring management lines of credit, general partner (GP) financing, and employee co-investment facilities within private equity funds. The panel will discuss collateral security packages, fund obligations, administrative concerns, common poin... Read More

Structuring Financial Covenants: Purposes, Types, Definitions, and Uses in Loan Documents
Maximizing Borrower Protection and Lender Remedies
March 17, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will provide borrowers' and lenders' counsel with a review of the use of EBITDA, leverage ratios, and other metrics in loan documentation and uses of financial covenants. The panel will outline critical issues relating to structuring financial covenants, related definitions, and use... Read More

Structuring NAV Financing for Private Funds: LTV Covenants, Multitier Transactions, Interc...
February 3, 2022 CLE CLE On-Demand, Download
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This CLE webinar will examine the structuring and documentation of NAV financing for private funds. The panel will discuss LTV calculation and default triggers, first/second lien structures, UCC perfection, and intercreditor arrangements with multiple lenders. Read More

Structuring International Lending Transactions: Mitigating Legal, Economic, and Political...
January 27, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will provide finance counsel with the tools to structure around legal, political, and economic risks encountered in cross-border lending. The panel will discuss choice of law provisions, foreign guarantors, exit strategies if access to collateral is impaired, credit default swaps, an... Read More

Drafting Guaranties and Nonrecourse Carveouts in Commercial Finance Transactions
Enforceability Issues for Lenders and Guarantors In and Out of Bankruptcy
January 20, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide finance counsel with an analysis of the enforceability of loan guaranties, including bad boy carveouts, in loan default and bankruptcy scenarios. The panel will also discuss potential liabilities for the lender and common defenses asserted by borrowers and guarantors. Read More

Evaluating Key Intercreditor Arrangements: First Lien/Second Lien, Split Collateral, Senio...
Comparing and Contrasting Intercreditor Structures, Choosing the Arrangemen...
January 13, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will provide counsel with context for negotiating intercreditor arrangements by comparing critical aspects of the most common arrangements--first lien/second lien, split collateral, senior/mezzanine, and unitranche structures. The panel will also discuss significant recent trends in... Read More

Series LLCs: Structuring and Financing Concerns for Lenders and Investors
Navigating UCC Perfection, Bankruptcy Risks, and Conflicting State Statutes
January 6, 2022 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE webinar will discuss the formation and structuring of series LLCs and examine the issues and risks lenders face in loan transactions involving series LLCs, including UCC Article 9, the Bankruptcy Code, and treatment of series LLCs under state statutes. Read More

Phase-Out of LIBOR: Implementing Replacement Rates for Floating Rate Loans and Derivatives
December 2, 2021 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE webinar will discuss the scheduled phase-out of LIBOR (London Interbank Offered Rate) at the end of 2021. The panel will address alternative rates and provisions recommended by the Alternative Reference Rate Committee (ARRC) of the Federal Reserve Bank of New York and the steps that lenders... Read More

Syndicated Finance Transactions: Documentation and Trading, Key Provisions, LSTA Forms
November 10, 2021 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will examine the critical provisions of credit agreements and secondary trading documents currently used in the loan syndication market. The panel discussion will focus on standard loan forms promulgated by the Loan Syndications and Trading Association (LSTA). LSTA trading confirmati... Read More

Warehouse Lines of Credit: Drafting Financing Agreements, Custodial Agreements, Reps and W...
Perfecting a Security Interest in Mortgage Loans, Analyzing Repurchase Obli...
November 2, 2021 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE program will examine how a warehouse line of credit is documented between a mortgage loan originator and its warehouse lender, the representations and warranties made by the loan originator, and the remedies for breaches. The panel will also discuss the perfection of the lender's security i... Read More

Enforceability of Intercreditor Agreements in Bankruptcy: Maximizing Recovery for First an...
October 28, 2021 CLE CLE On-Demand, Download
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This CLE course will guide commercial finance counsel in drafting intercreditor agreements and those seeking to enforce or resist intercreditor agreements during bankruptcy proceedings. The panel will discuss ways that first lien and second lien lenders can best protect their economic interests in t... Read More

Structuring and Documenting Subscription Facilities
October 21, 2021 CLE CLE On-Demand, Download
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This CLE course will discuss the structuring of subscription credit facilities, with a focus on partnership agreement provisions that provide financing flexibility, defining borrowing base and exclusion events, loan covenants particular to subscription facilities, and lender remedies. The panel will... Read More

PPP Forgiveness: Responding to an SBA Audit, Best Practices for Mitigating Enforcement Ris...
October 6, 2021 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss the PPP audit process after loan forgiveness has been determined and how to prepare for and respond to an SBA audit. The discussion will include a regulatory update, a review of the PPP loan forgiveness application, and best practices for documenting PPP eligibility and... Read More

SBA Lending: Documenting, Closing, and Servicing 7(a) and CDC/504 Financing
Navigating SBA Approval and Authorization Process and Best Closing Practice...
September 23, 2021 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will provide banking and finance counsel with the knowledge to properly document and close SBA loans. The program will cover the terms and conditions of a Section 7(a) loan and the CDC/504 acquisition/equipment financing mortgage loans. The program will discuss recent changes and dev... Read More

UCC Security Interests in Proceeds of Collateral: Perfection, Priority, and Impact of Debt...
September 1, 2021 CLE CLE On-Demand, Download
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This CLE course will provide finance counsel with a thorough understanding of UCC and Bankruptcy Code treatment of security interests in the proceeds of original collateral. In addition, the panel will discuss recent legal developments and special issues concerning attachment, perfection, and the pr... Read More

Stablecoins in Commercial Transactions: UCC Issues With Formation and Payments on Blockcha...
August 2, 2021 CLE CLE On-Demand, Download
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This CLE course will discuss stablecoins in the context of commercial transactions, with a particular focus on UCC rules regarding settlement of payments, adverse claims, discharge of underlying obligations, and security entitlement. The panel discussion will include the current regulatory framework... Read More

Structuring Multi-Lender Agreements in Syndicated Facilities: Balancing the Rights of Agen...
Borrower Defaults, Lender Defaults, Exculpatory Clauses, Information Sharin...
June 17, 2021 CLE CLE On-Demand, Download
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This CLE course will discuss typical clauses in a syndicated loan agreement and provide best practices for lenders and agents to structure and negotiate loan agreement provisions to protect their rights and interests and avoid being disadvantaged in a multi-lender transaction that goes south. Read More

Structuring Umbrella Credit Facilities in Fund Finance
Drafting Reps and Warranties, Covenants, Events of Default for a Fund Group...
June 3, 2021 CLE CLE On-Demand, Download
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This CLE course will discuss the structuring of credit facilities comprised of multiple funds having similar sponsorship but different borrowing bases. The panel will discuss how the fund group concept should be documented to provide a single credit facility with distinct covenants, reps and warrant... Read More

Bank Capital Rules: Impact on Commercial Lending Structures and Documentation
Yield Protection, Increased Costs Provisions, LTV Requirements, Transfer Re...
May 13, 2021 CLE CLE On-Demand, Download
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This CLE course will cover recent changes to the U.S. bank capital rules and the impact on the commercial lending landscape. The panel will discuss how lenders may change loan structures and loan documentation and provisions to meet these requirements. Read More

Direct Lending Terms and Documentation: Leverage Covenants, Incremental Financing, Guarant...
May 6, 2021 CLE CLE On-Demand, Download
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This CLE course will analyze the terms and characteristics of direct loans and how they vary from syndicated loans. The panel discussion will include financial covenants, collateral and credit support typically required for direct loans, and how private equity lenders can tailor loan terms to each b... Read More

Ship Finance: Deal Structures, Emergence of Private Fund Lenders, Ships as Collateral, Mar...
March 25, 2021 CLE CLE On-Demand, Download
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This CLE course will discuss ship financing structures common in traditional bank loans, the emergence of private fund as a financing source, and deal terms that may vary for private fund lenders. The panel will also discuss documentation and filing of ship mortgages, maritime liens, financial coven... Read More

New Round of Paycheck Protection: SBA Application, Rules for First and Second Draws, Eligi...
February 24, 2021 CLE CLE On-Demand, Download
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This CLE course will discuss PPP lending as recently revised and expanded under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the New PPP Act or the Act). Panel discussion will include the new eligibility requirements and lending parameters, procedures for existing PPP b... Read More

Structuring Prepayment Transactions in the Commodities Markets
Key Issues in Documentation, Credit Support & Third-Party Financing for Pur...
February 11, 2021 CLE CLE On-Demand, Download
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This CLE course will analyze the structuring and documentation of prepayment transactions utilized in the commodities markets by purchasers and suppliers. The panel will discuss the benefits of prepayment structures and strategies for mitigating the associated risks. Read More

PPP Loan Forgiveness: Appealing Adverse Rulings, Responding to SBA Loan Audits
January 7, 2021 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will guide attorneys on appealing an adverse lender decision on PPP loan forgiveness. The panel will also discuss the SBA audit process after loan forgiveness has been determined and how to file an appeal of an adverse SBA audit. The discussion will include a regulatory update and a... Read More

Syndicated Credit Facility Restructuring and Workouts
Navigating Divergent Interests Among Lenders, Confidentiality, Voting Right...
October 28, 2020 CLE CLE On-Demand, Download
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This CLE course will discuss critical legal issues that arise in syndicated credit workouts, particularly for counsel representing the administrative agent and the other lenders in the facility. The program will address unique aspects of a multi-lender facility workout and best practices for lenders... Read More

Main Street Lending Program: Documentation, Federal Reserve Participation, Concerns With E...
September 30, 2020 CLE CLE On-Demand, Download
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This CLE course will discuss latest guidance on how each of the Main Street Lending Programs should be documented, the mechanics of the Fed's SPV participation in each loan, and concerns that must to be addressed with regard to existing financing. The panel will also discuss the interplay of the loa... Read More

Supply Chain Finance: Structuring and Documenting Approved Payables Financing Transactions
September 10, 2020 CLE CLE On-Demand, Download
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This CLE course will provide banking and loan counsel with guidance for structuring and documenting a supply chain finance (SCF) facility. The panel will discuss their insights, including the pros and cons of this alternative payment structure, as well as critical issues for buyers, suppliers, and i... Read More

Structuring Equipment Financing: Lease Accounting Rules, Bundling Services and Software, U...
August 19, 2020 CLE CLE On-Demand, Download
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This CLE course will examine important new developments in equipment financing, including the implementation of lease accounting standards and bundled lease structures which include service components. The panel will also discuss recent case law regarding "true lease" categorization, damages and oth... Read More

Debt Restructuring and Repurchases: Tax Implications for Borrowers and Lenders
July 23, 2020 CLE CLE On-Demand, Download
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This CLE course will examine the U.S. federal income tax issues associated with debt restructurings and workouts, including loan modifications, debt refinancings, and the acquisition of outstanding portfolio company debt, in today's challenging business environment. The panel will discuss planning t... Read More

Contribution Agreements: Joint Liability and Rights of Contribution Under Loan Guaranties
Partial Guaranties, Nonrecourse Carveouts, Asserting Defenses
July 7, 2020 CLE CLE On-Demand, Download
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This CLE course will analyze the contribution obligations of co-guarantors after a borrower defaults on a loan and how a contribution agreement can clarify those obligations. The panel will discuss various actions or circumstances which should be addressed, including partial guaranties, bad acts whi... Read More

Supply Chain Rights and Remedies Under the UCC: Adequate Assurance, Stoppage of Delivery,...
May 21, 2020 CLE CLE On-Demand, Download
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This CLE course will examine the remedies available to suppliers who have delivered or are delivering goods to financially distressed buyers in the supply chain. The panel will discuss the rights and remedies available under Article 2 of the Uniform Commercial Code (UCC), and steps to take if the bu... Read More

CARES Act Main Street Lending Program: Loan Parameters, Borrower and Lender Eligibility, P...
May 19, 2020 CLE CLE On-Demand, Download
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This CLE course will analyze the lending parameters and structural features of the Main Street Lending Program established under the CARES Act. The panel discussion will include loan terms, borrower and lender eligibility, and stock buyback and executive comp restrictions placed on participating bor... Read More

SBA Lending Under the CARES Act: New Paycheck Protection Program, Expanded Disaster Loans,...
May 12, 2020 CLE CLE On-Demand, Download
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This CLE course will examine the Paycheck Protection Program (PPP) and other features of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which expand upon the existing Small Business Administration (SBA) loan programs in response to the COVID-19 pandemic. The panel will discuss exper... Read More

Structuring Delayed Draw Term Loans: Conditions Precedent, Ticking Fees, Fronting Arrangem...
April 29, 2020 CLE CLE On-Demand, Download
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This CLE course will discuss the terms and structuring of delayed draw term loans. The panel will review the evolving uses of delayed draw term loans (DDTLs) in leveraged buyouts (LBOs) and other private equity transactions and critical points of negotiation, including conditions precedent to making... Read More

Drafting Indemnification Provisions in Commercial Loan Transactions
Triggering Events, Damages Covered, Standard of Care, Indemnities in Syndic...
March 31, 2020 CLE CLE On-Demand, Download
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This CLE course will provide an analytical framework for drafting and negotiating indemnity provisions in commercial loan agreements. The panel will discuss the types of indemnities typically found in commercial finance transactions and the use of insurance as a substitute or a supplement to indemni... Read More

Cross-Collateral/Cross-Default Loans: Structuring and Documenting Transactions
Intercreditor Agreements, Priority Disputes, Enforcement Challenges Post-De...
February 4, 2020 CLE CLE On-Demand, Download
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This CLE course will instruct finance counsel on structuring and documenting cross-collateral/cross-default first and second lien financing transactions. The panel will discuss best practices for negotiating intercreditor agreements to protect the rights of both primary and secondary lien lenders an... Read More

Structuring Leveraged Loans: Tax Concerns, Multinational Entities
Section 956 Deemed Dividend Rules, Limits on Interest Deductions, Tax Distr...
January 21, 2020 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the impact of tax reform on leveraged financing transactions. The panel discussion will include how the new law might affect credit support between affiliates in multinational enterprises, structuring and placement of debt, interest deductibility, and provisions regardin... Read More

Structuring Anti-Net Short Provisions in Syndicated Credit Facilities
Determining When a Net Short Position Exists: Divestment, Voting, and Other...
December 17, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will examine the issues presented by these complex and rapidly evolving terms, and the other so-called "Windstream provisions" that attempt to shield borrowers from net short debt activist investors. Read More

Equity Cure Rights In Commercial Loan Transactions: Curing Financial Covenant Defaults
November 21, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss equity cure rights provisions in commercial credit agreements. The panel will examine the complex interaction of equity cures with earnings before interest, tax, depreciation, and amortization (EBITDA) financial covenants, forms the equity cure may take when applied in t... Read More

Structuring Intercreditor Agreements in Split Collateral Lien Structures Between ABL and T...
Navigating Collateral Pool, Priority of Rights, Access to Collateral, Stand...
November 14, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide commercial lending counsel with a review of essential provisions in a split-collateral intercreditor agreement, including the priority of rights, access to collateral and standstill provisions. The panel will address the negotiation of provisions from the perspective of... Read More

Blockchain Applications in Commercial Finance: Loan Syndications, Servicing, Swaps, Trade...
August 29, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will familiarize finance counsel with the technology and some of the current and potential uses of blockchain and distributed ledger technology (DLT) in commercial finance transactions. The panel will also discuss the legal and regulatory hurdles companies may encounter in moving tra... Read More

Impact of Tax Reform on Commercial Loan Documents: Adjustments to Financial and Other Cove...
July 18, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the impact of tax reform on financial and other covenants in commercial loan documents. The Mayer Brown panel will discuss document revisions a borrower might request to address lower corporate tax rates and other tax law changes, and the lender's perspective on those re... Read More

Secured Lending Transactions: Anti-Assignment Provisions; 'Best Efforts'; 'Ordinary Course...
Documenting UCC Security Interests in Assets Subject to Anti-Assignment Cla...
May 23, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will guide counsel on drafting and interpreting exclusions from collateral for contracts and other assets that are subject to restrictions on being pledged by the loan parties. This CLE webinar will also help counsel interpret loan document terms that are often not adequately underst... Read More

Transatlantic Intercreditor Agreements: Comparing, Contrasting, and Reconciling U.S. and E...
March 7, 2019 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will compare and contrast the critical terms in U.S. and European second lien intercreditor agreements. The panel will discuss how the differences in restructuring or insolvency law may dictate significantly different provisions regarding enforcement, payment and other contract langu... Read More

Structuring Intercreditor Agreements in Split Collateral Lien Structures Between ABL and T...
Navigating Collateral Pool, Priority of Rights, Access to Collateral, Stand...
October 2, 2018 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide commercial lending counsel with a review of essential provisions in a split-collateral intercreditor agreement, including the priority of rights, access to collateral, payment blockage and standstill provisions. The panel will address the negotiation of provisions from t... Read More

Structuring Incremental Loan Facilities: Key Terms for Lenders and Borrowers
Conditions Precedent, Incremental Capacity, Most Favored Nation Provisions,...
September 25, 2018 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine incremental loan facilities, including key loan terms such as incremental capacity, conditions precedent, most favored nation (MFN) provisions and incremental equivalent debt or "sidecar" agreements. The panel will look at issues from both lender and borrower perspective... Read More

ERISA Considerations in Structuring Credit Facilities with Private Investment Funds
Representations, Warranties and Covenants to Ensure Compliance
August 15, 2018 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will outline ERISA considerations for lenders providing subscription and other credit facilities to private investment funds that have pension funds, retirement plans and other ERISA-regulated entities as investors. The panel discussion will include descriptions of the representation... Read More

Litigation Finance: Structuring Third-Party Funding of High Cost Claims
Underwriting, Investment Terms, Documentation, Conflict of Interest and Dis...
April 17, 2018 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will examine the options available to litigators to finance litigation costs and how third-party investors underwrite and structure funding arrangements. The panel will also discuss issues associated with third-party involvement, including undue influence, conflicts of interest and d... Read More

Structuring Term Loan B Transactions: Combining High Yield Financing With Conventional Ban...
March 27, 2018 CLE CLE On-Demand, Download
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This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide finance counsel with an understanding of Term Loan B (TLB) transactions and how they can be structured to complement conventional bank loans while providing borrowers with access to non-bank financing on less restrictive terms. Read More

Prepayment Structures in Leveraged Finance: Balancing Borrower Flexibility With Lender Pro...
Debt Retirement Provisions in Syndicated, Mezzanine and Second Lien Term Lo...
February 27, 2018 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will analyze the prepayment features of syndicated, mezzanine and second lien term loans. The panel will discuss provisions currently used in each type of loan to balance the borrower's need for flexibility in future operations with the lender's need for call protection and preservin... Read More

UCC Article 9: Purchase Money Security Interests and Blanket Asset Lien Exclusions
Documenting and Perfecting a PMSI; Statutory, Contractual and Other Exclusi...
January 30, 2018 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide commercial finance counsel with a discussion of items commonly carved out of Article 9 blanket liens, either by operation of law or by market practice. The panel will also review purchase money security interests, which are "super liens" that trump existing blanket liens... Read More

Structuring Merchant Cash Advances: Alternative Financing for Emerging Companies, Lessons...
Documenting True Sale and Contingent Payments; Avoiding Loan Categorization...
August 23, 2017 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will equip finance counsel to structure and document merchant cash advance transactions. The panel will discuss recent cases that distinguish merchant cash advances (MCAs) from conventional loans, and outline best practices for avoiding loan categorization, perfecting a UCC security... Read More

Basel III Capital Retention Requirements: Impact on Loan Structures and Loan Documentation
Structuring Yield Protection and Increased Costs Provisions, Transfer Restr...
May 4, 2017 CLE CLE On-Demand, Download
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This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss current Basel III standards and how they have impacted the commercial lending landscape. The program will look at the impact of the standards on terms and conditions of loan structures and loan documentation provisions that have been changed by lenders to meet Basel III... Read More

Minimizing Lender Risks of Fraudulent Transfer in Bankruptcy and Under the Uniform Voidabl...
Navigating the Contours of Lender "Inquiry Notice" and Due Diligence
March 14, 2017 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will discuss risks lenders face when a borrower or other creditor challenges payments made by the borrower to the lender as a fraudulent transfer either in bankruptcy or under the Uniform Voidable Transactions Act. The program will discuss lender strategies for minimizing the risks o... Read More

Secured Lending: Negotiating and Interpreting Best Efforts, Ordinary Course of Business, a...
Documenting Grant of Security Interest in Assets Subject to Anti-Assignment...
March 2, 2017 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
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This CLE course will provide guidance on structuring anti-assignment clauses in secured debt financing agreements and interpreting financing agreement terms that are often not properly understood, including "ordinary course of business," "best efforts," "reasonable best efforts" and "commercially re... Read More

Swap Collateral Documentation and the New Final Margin Regulations for Uncleared Swaps
Preparing for Profound Changes to Swap Activities, Revising Collateral Docu...
September 29, 2016 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will analyze the newly finalized regulations regarding uncleared swap margin requirements, how the new changes impact the ability of financial institutions to enter into over-the-counter swaps generally, and how collateral documentation will need to be revised to ensure that derivati... Read More

Asset-Based Lending and Structured Finance: Isolation of Assets, Bankruptcy-Remote Structu...
What Traditional Lenders Should Know About the Application of Structured Fi...
September 1, 2016 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will address the basics of structured finance facilities, including isolation of assets, bankruptcy-remote structures and waterfall technology.The program will focus on understanding these facilities and - in particular - their importance and application inside a capital structure th... Read More

Distressed Loan Workouts: How Equity Cure Rights Work, Negotiating Loan Restructuring and...
Curing and Addressing Financial Covenant Breaches From Lender and Borrower...
August 18, 2016 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will provide counsel with strategies for restructuring a distressed loan, focusing on equity cure rights and loan amendment and modification techniques. The program will discuss strategies from the perspectives of both lenders and borrowers to execute a successful and efficient worko... Read More

Equity Financing: Using Stocks, Bonds, Mutual Funds and Other Investment Vehicles as Colla...
Navigating the Interplay of Regulations U and X, Rule 144, and UCC Articles...
July 21, 2016 CLE CLE On-Demand, Download
This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

This CLE course will prepare business and finance counsel in structuring loan transactions in which stock, bonds, mutual funds and other investment vehicles are used as collateral to secure the loan. The program will address how to properly perfect the security interests while complying with Regulat... Read More