Lending to Private Credit Funds: ABL, Mezzanine and Other Facilities, Rated Notes, Partner...
Assessing Ability to Transfer and Modify Underlying Loans, Durational Risk, Remedies
June 8, 2023 • CLE • Live Webinar
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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...
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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 Operating Agre...
June 15, 2023 • CLE • Live Webinar
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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...
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Structuring Commercial Finance Term Sheets, Proposals, and Commitment Letters: Key Terms f...
Avoiding Unintended Consequences, Limiting Drafting Ambiguity
June 29, 2023 • CLE • Live Webinar
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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...
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Structuring Credit Facilities for Private Equity Funds: Subscription, NAV, and Hybrid Loan...
July 13, 2023 • CLE • Live Webinar
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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...
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ESG in Fund Finance: Spotlight on Sustainability-Linked Loans
July 18, 2023 • CLE • Live Webinar
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This CLE course will discuss ESG in fund finance, and specifically how to structure and draft sustainability-linked loans (SLLs) in order to help achieve ESG-related objectives.
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Anatomy of a Loan Agreement: Defined Terms, Affirmative/Negative Covenants, Events of Defa...
Syndicated Loans and the Administrative Agent
July 25, 2023 • CLE • Live Webinar
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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.
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Representing Co-Lenders in Syndicated Credit Facilities
Consent Rights, Sacred Rights, Waterfall and Pro-Rata Sharing Provisions, Removal and Addi...
August 3, 2023 • CLE • Live Webinar
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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,...
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UCC Article 9 Update on Searching and Filing: Best Practices for Secured Lenders
August 31, 2023 • CLE • Live Webinar
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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.
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Letters of Credit: ISP98 Forms, UCC Article 5, UCP, Draw Procedures, and More
Drafting Commercial vs. Standby, Conditional vs. Unconditional, Limited Term vs. Evergreen...
May 25, 2023 • CLE • CLE On-Demand, Download
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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...
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Structuring Covenants in Leveraged Financing and High-Yield Bonds
Additional Debt Covenants, Equity Cures, Builder Baskets, Restricted Subsidiaries, Events...
May 4, 2023 • CLE • CLE On-Demand, Download
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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...
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Exercising Remedies After a Default: Forbearance Agreements and Other Workout Options
April 20, 2023 • CLE • CLE On-Demand, Download
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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...
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Combining Asset-Based and Term Lending Facilities: Navigating Competing Interests, Harmoni...
March 23, 2023 • CLE • CLE On-Demand, Download
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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...
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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
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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...
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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...
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Structuring Agreements Among Lenders in Unitranche Facilities: LSTA Form
Tranching, Payment Waterfalls, Interest and Fees, Voting, Buyouts, Standstill Provisions,...
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...
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Incremental Financing and Syndicated Facilities: Lender Protections When Accommodating New...
Accordion, Incremental-in-Lieu Debt and Ratio Debt Baskets, MFN Provisions, Guarantees and...
January 19, 2023 • CLE • CLE On-Demand, Download
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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...
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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...
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Evaluating Key Intercreditor Arrangements: First Lien/Second Lien, Split Collateral, Senio...
Comparing and Contrasting Intercreditor Structures, Choosing the Arrangement Best Suited f...
January 5, 2023 • CLE • CLE On-Demand, Download
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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...
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UCC Articles 8 and 9 and the Hague Securities Convention
Revising Securities Account and Account Control Agreements, Determining Where to File, Tra...
December 20, 2022 • CLE • CLE On-Demand, Download
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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...
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Drafting Legal Opinions for Article 9 Security Interests: Navigating the Complexities and...
Scope and Limitations, Interests of Opinion Giver and Recipient, Applicability of Other St...
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...
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Equity Interests as Collateral: Creating and Enforcing Security Interests in Stocks, Partn...
Planning and Documentation Issues, Avoiding Potential Pitfalls in Perfecting Security Inte...
December 1, 2022 • CLE • CLE On-Demand, Download
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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 perfect such security interests properly, and how to evaluate and pursue enforcement remedies in the event a borrower defaults.
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E-Signatures and Electronic Documents in Commercial Lending: Complying With ESIGN, UETA, I...
Navigating Issues of Enforceability, Authentication of E-Signatures, and Admissibility
November 3, 2022 • CLE • CLE On-Demand, Download
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This CLE course will provide counsel with an examination of recent legal trends and developments impacting commercial documentation created online and signatures sent via email, text messaging, or other forms of electronic communication, focusing on loan documentation. The panel will examine legal a...
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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...
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Default Interest, Late Fees, and Prepayment Premiums: Drafting and Enforcement
Hot Button Issues for Lenders on Acceleration, Enforceability in Bankruptcy, Lessons From...
October 18, 2022 • CLE • CLE On-Demand, Download
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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...
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Finance Transactions: Structuring Legal Opinions for Amendments, Joinders, New Collateral,...
October 11, 2022 • CLE • CLE On-Demand, Download
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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...
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UCC Security Interests in Payment Intangibles: Intercompany Debt, Promissory Notes, and De...
Perfecting Interests in Financial Instruments and Contractual Payment Obligations
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.
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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...
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Proposed UCC Amendments for Cryptocurrencies, NFTs, Linked Electronic Payment Rights, and...
Controllable Electronic Records, Qualifying Purchaser, Rights Tethered to a CER
September 13, 2022 • CLE • CLE On-Demand, Download
This program is included with the
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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...
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Structuring Participation Agreements in Commercial Finance: Lender Due Diligence
Strategies for Lead Lenders and Participants to Minimize and Manage Risk; FDIC Guidance
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...
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Opinions in Structured Finance and Securitized Lending Transactions: Bankruptcy Remoteness...
Assumptions, Qualifications, Limitations, and Use of Letters; Reducing Risks for Opinion G...
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.
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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...
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Mezzanine Loan Foreclosures: Effectuating a UCC Foreclosure Sale and Navigating Bankruptcy...
Protecting Lender and Borrower Interests and Overcoming Obstacles to the Sale
August 18, 2022 • CLE • CLE On-Demand, Download
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This CLE course will guide counsel to 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.
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Asset-Based Lending: Navigating Borrowing Base, Article 9 Collateral Issues, Key Provision...
August 11, 2022 • CLE • CLE On-Demand, Download
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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 ABL documentation. The speakers will discuss ABL facilities for restructurings, s...
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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.
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Opinions of Counsel in Lending Transactions: Scope and Assumptions, Substantive Opinions,...
Structuring Third-Party Opinion Letters to Lenders Which Minimize Risks to the Preparer
July 12, 2022 • CLE • CLE On-Demand, Download
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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...
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Recurring Revenue Financing: Structuring, Documentation, and Financial Covenants
Alternative Financing for Early Stage Growth Companies
July 7, 2022 • CLE • CLE On-Demand, Download
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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...
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Distressed Financing: Avoiding Pitfalls in Planning and Execution
Agency Resignation and Transfer, Rebalancing of Facilities, and Internal and Regulatory Co...
June 16, 2022 • CLE • CLE On-Demand, Download
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This CLE course will examine some of the more common pitfalls in loan restructurings that frequently are 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...
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U.S. vs. EU Opinion Practice in Finance: Reconciling U.S. Customary Practice With Non-U.S....
Assumptions and Qualifications to Avoid Misunderstanding and Undue Risk
June 1, 2022 • CLE • CLE On-Demand, Download
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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...
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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.
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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,...
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Security Interests in Uncommon Collateral: IP, Insurance Policies, Agricultural Products,...
Navigating Attachment, Perfection, and Priority Under the UCC, Federal and State Law
May 12, 2022 • CLE • CLE On-Demand, Download
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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...
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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...
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Private Equity GP and Employee Co-Investment Credit Facilities, Management Lines of Credit
Due Diligence, Structuring and Documentation; Role of Sponsor, Administrative Issues
April 14, 2022 • CLE • CLE On-Demand, Download
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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...
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LLC and Partnership Transfer Restrictions and UCC Article 9 Overrides: Resolving the Confl...
April 7, 2022 • CLE • CLE On-Demand, Download
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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 may override those restri...
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Proposed UCC Amendments for Cryptocurrencies, NFTs, Linked Electronic Payment Rights, and...
Controllable Electronic Records, Qualifying Purchaser, Rights Tethered to a CER
March 24, 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...
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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
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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...
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Combining Asset-Based and Term Lending Facilities: Navigating Competing Interests, Harmoni...
February 22, 2022 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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Strafford All-Access Pass.
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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...
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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 Bankruptcy
February 10, 2022 • CLE • CLE On-Demand, Download
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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.
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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.
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Structuring International Lending Transactions: Mitigating Legal, Economic, and Political...
January 27, 2022 • CLE • CLE On-Demand, Download
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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...
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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
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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.
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Evaluating Key Intercreditor Arrangements: First Lien/Second Lien, Split Collateral, Senio...
Comparing and Contrasting Intercreditor Structures, Choosing the Arrangement Best Suited f...
January 13, 2022 • CLE • CLE On-Demand, Download
This program is included with the
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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...
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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
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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.
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Phase-Out of LIBOR: Implementing Replacement Rates for Floating Rate Loans and Derivatives
December 2, 2021 • CLE • CLE On-Demand, Download
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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...
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Syndicated Finance Transactions: Documentation and Trading, Key Provisions, LSTA Forms
November 10, 2021 • CLE • CLE On-Demand, Download
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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...
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Warehouse Lines of Credit: Drafting Financing Agreements, Custodial Agreements, Reps and W...
Perfecting a Security Interest in Mortgage Loans, Analyzing Repurchase Obligations, Bankru...
November 2, 2021 • CLE • CLE On-Demand, Download
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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...
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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...
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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...
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Secured Lending to Foreign Borrowers: UCC Perfection, Enforcement Risks, and Conflict-of-L...
October 14, 2021 • CLE • CLE On-Demand, Download
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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...
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PPP Forgiveness: Responding to an SBA Audit, Best Practices for Mitigating Enforcement Ris...
October 6, 2021 • CLE • CLE On-Demand, Download
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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...
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SBA Lending: Documenting, Closing, and Servicing 7(a) and CDC/504 Financing
Navigating SBA Approval and Authorization Process and Best Closing Practices for Preservin...
September 23, 2021 • CLE • CLE On-Demand, Download
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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...
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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...
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Financing-Related Provisions in Acquisition Agreements
August 12, 2021 • CLE • CLE On-Demand, Download
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This CLE course will instruct lending counsel on critical acquisition agreement provisions to protect lenders, sellers, and buyers.
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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...
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UCC3 Financing Amendment and Termination Statements: Avoiding Loss of Lien Perfection or P...
June 24, 2021 • CLE • CLE On-Demand, Download
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This CLE course will brief counsel on the proper use of UCC3 financing amendment and termination statements, identify potential pitfalls that can result in the lender's loss of secured interest or priority of lien, and offer best practices for secured parties to avoid unnecessary risks and costly mi...
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Structuring Multi-Lender Agreements in Syndicated Facilities: Balancing the Rights of Agen...
Borrower Defaults, Lender Defaults, Exculpatory Clauses, Information Sharing
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.
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Structuring Umbrella Credit Facilities in Fund Finance
Drafting Reps and Warranties, Covenants, Events of Default for a Fund Groups With Multiple...
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...
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Liability Management Exercises: Drop-Down Financings and Uptiering Transactions, What is a...
May 20, 2021 • CLE • CLE On-Demand, Download
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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 exercise issues highlighted...
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Bank Capital Rules: Impact on Commercial Lending Structures and Documentation
Yield Protection, Increased Costs Provisions, LTV Requirements, Transfer Restrictions, Pur...
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.
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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...
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Perfecting Security Interests in Deposit Accounts, Securities Accounts, and Other Investme...
Establishing Control Under the UCC With Special Types of Collateral
April 15, 2021 • CLE • CLE On-Demand, Download
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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...
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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...
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Swaps in Commercial Finance Transactions: Coordinating Loan Terms With the ISDA Master Agr...
Documenting Covenants, Security, Voting and Control, Reporting, and Regulatory Issues
March 17, 2021 • CLE • CLE On-Demand, Download
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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.
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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...
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Structuring Prepayment Transactions in the Commodities Markets
Key Issues in Documentation, Credit Support & Third-Party Financing for Purchase and Deliv...
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.
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PPP Loan Forgiveness: Appealing Adverse Rulings, Responding to SBA Loan Audits
January 7, 2021 • CLE • CLE On-Demand, Download
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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...
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Syndicated Credit Facility Restructuring and Workouts
Navigating Divergent Interests Among Lenders, Confidentiality, Voting Rights, and the Role...
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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Drafting Indemnification Provisions in Commercial Loan Transactions
Triggering Events, Damages Covered, Standard of Care, Indemnities in Syndicated Loans
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...
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Cross-Collateral/Cross-Default Loans: Structuring and Documenting Transactions
Intercreditor Agreements, Priority Disputes, Enforcement Challenges Post-Default or Bankru...
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...
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Structuring Leveraged Loans: Tax Concerns, Multinational Entities
Section 956 Deemed Dividend Rules, Limits on Interest Deductions, Tax Distributions, Corpo...
January 21, 2020 • CLE • CLE On-Demand, Download
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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...
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Structuring Anti-Net Short Provisions in Syndicated Credit Facilities
Determining When a Net Short Position Exists: Divestment, Voting, and Other Limitations
December 17, 2019 • CLE • CLE On-Demand, Download
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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.
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Equity Cure Rights In Commercial Loan Transactions: Curing Financial Covenant Defaults
November 21, 2019 • CLE • CLE On-Demand, Download
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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...
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Structuring Intercreditor Agreements in Split Collateral Lien Structures Between ABL and T...
Navigating Collateral Pool, Priority of Rights, Access to Collateral, Standstill Period, a...
November 14, 2019 • CLE • CLE On-Demand, Download
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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...
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Drafting Standstills in Intercreditor Agreements: Balancing Rights and Remedies of Junior...
Structuring Duration, Commencement, Expiration, Notice, Reinstatement and Other Provisions
September 26, 2019 • CLE • CLE On-Demand, Download
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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 s...
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Blockchain Applications in Commercial Finance: Loan Syndications, Servicing, Swaps, Trade...
August 29, 2019 • CLE • CLE On-Demand, Download
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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...
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Impact of Tax Reform on Commercial Loan Documents: Adjustments to Financial and Other Cove...
July 18, 2019 • CLE • CLE On-Demand, Download
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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...
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Secured Lending Transactions: Anti-Assignment Provisions; 'Best Efforts'; 'Ordinary Course...
Documenting UCC Security Interests in Assets Subject to Anti-Assignment Clause, Interpreti...
May 23, 2019 • CLE • CLE On-Demand, Download
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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...
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Transatlantic Intercreditor Agreements: Comparing, Contrasting, and Reconciling U.S. and E...
March 7, 2019 • CLE • CLE On-Demand, Download
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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...
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Structuring Intercreditor Agreements in Split Collateral Lien Structures Between ABL and T...
Navigating Collateral Pool, Priority of Rights, Access to Collateral, Standstill Period, a...
October 2, 2018 • CLE • CLE On-Demand, Download
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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...
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Structuring Incremental Loan Facilities: Key Terms for Lenders and Borrowers
Conditions Precedent, Incremental Capacity, Most Favored Nation Provisions, "Sidecar" Debt
September 25, 2018 • CLE • CLE On-Demand, Download
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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...
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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
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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...
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Litigation Finance: Structuring Third-Party Funding of High Cost Claims
Underwriting, Investment Terms, Documentation, Conflict of Interest and Disclosure Issues
April 17, 2018 • CLE • CLE On-Demand, Download
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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...
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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 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.
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Prepayment Structures in Leveraged Finance: Balancing Borrower Flexibility With Lender Pro...
Debt Retirement Provisions in Syndicated, Mezzanine and Second Lien Term Loans
February 27, 2018 • CLE • CLE On-Demand, Download
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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...
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UCC Article 9: Purchase Money Security Interests and Blanket Asset Lien Exclusions
Documenting and Perfecting a PMSI; Statutory, Contractual and Other Exclusions
January 30, 2018 • CLE • CLE On-Demand, Download
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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...
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Structuring Merchant Cash Advances: Alternative Financing for Emerging Companies, Lessons...
Documenting True Sale and Contingent Payments; Avoiding Loan Categorization; UCC, Licensin...
August 23, 2017 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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This program is included with the
Strafford All-Access Pass.
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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...
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Basel III Capital Retention Requirements: Impact on Loan Structures and Loan Documentation
Structuring Yield Protection and Increased Costs Provisions, Transfer Restrictions, Purpos...
May 4, 2017 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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This program is included with the
Strafford All-Access Pass.
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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...
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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.
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This program is included with the
Strafford All-Access Pass.
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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...
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Secured Lending: Negotiating and Interpreting Best Efforts, Ordinary Course of Business, a...
Documenting Grant of Security Interest in Assets Subject to Anti-Assignment Clause and Int...
March 2, 2017 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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This program is included with the
Strafford All-Access Pass.
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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...
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Swap Collateral Documentation and the New Final Margin Regulations for Uncleared Swaps
Preparing for Profound Changes to Swap Activities, Revising Collateral Documentation to Co...
September 29, 2016 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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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...
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Asset-Based Lending and Structured Finance: Isolation of Assets, Bankruptcy-Remote Structu...
What Traditional Lenders Should Know About the Application of Structured Finance Technique...
September 1, 2016 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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This program is included with the
Strafford All-Access Pass.
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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...
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Distressed Loan Workouts: How Equity Cure Rights Work, Negotiating Loan Restructuring and...
Curing and Addressing Financial Covenant Breaches From Lender and Borrower Perspectives
August 18, 2016 • CLE • CLE On-Demand, Download
This program is included with the
Strafford CLE Pass.
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This program is included with the
Strafford All-Access Pass.
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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...
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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 8 and 9 for Le...
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...
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