A detailed study of the terms of international loan documentation with comprehensive explanations of the purpose of the provisions and of areas which may require negotiation and with an emphasis on the wording of the Loan Market Association documents. This work covers term loans and revolving credits and includes comparisons of the provisions required for investment grade borrowers, special purpose entities and asset and project based credit risks. It includes discussion of security, due diligence and legal opinions as well as Appendices explaining key issues of English law such as trusts and fiduciary duties; and a glossary of expressions commonly used in this area. The book thus provides a highly practical and comprehensive resource for bankers and lawyers, at all levels of experience, involved in international lending.
Table of Content
List of Figures Introduction PART 1: ADMINISTRATIVE PROVISIONS Interpretation The Facility Utilization Repayment, Prepayment and Cancellation Costs of Utilization Additional Payment Obligations PART 2: GUARANTEE, REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT Guarantee Representations, Undertakings, and Events of Default Changes to Parties The Finance Parties Administration Governing Law and Enforcement SCHEDULES Appendix 1: English Law Concepts Appendix 2: Glossary of Terms used in International Lending Index
About the author
Sue Wright is an English lawyer with substantial experience in negotiating international loan documentation. She practiced international finance at Norton Rose for 16 years, for the latter half as a partner in the international finance department. Highly recommended as an expert in her field by Legal 500, she has been running highly acclaimed training courses in loan documentation since 1995, including online training at www.suewrightonline.com.
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