To register, please visit lorman.com.

Agenda

This seminar will be presented by Steven 'Sonny' F. Ginsberg, Jason P. Neumark and William S. Schwartz.


8:30 am – 8:45 am Overview: Key Elements of the Deal


8:45 am – 10:00 am Understanding Collateral and Collateral Issues

A. Personal Property

B. Real Property


10:00 am – 10:10 am Break


10:10 am – 10:30 am Understanding Collateral and Collateral Issues (Continued)

B. Real Property (Continued)


10:30 am – 11:15 am Searches and Investigations Before Paperwork

A. Title Search

B. The Chain of Title

C. Surveys


11:15 am – 12:00 pm Underlying Loan Documents

A. Debt Evidence

B. Collateral

C. Perfection

D. Other Sources of Security


12:00 pm – 1:00 pm Lunch (On Your Own)


1:00 pm – 1:30 pm The Loan Agreement

A. Road Map for Bank, Borrower and Guarantors

B. Essential Clauses


1:30 pm – 2:30 pm Issues Related to Guaranties

A. Introduction to Guaranties as Part of the Loan Package

B. Nonrecourse Provisions

C. Drafting Considerations

D. Guaranty Enforcement

E. Death and the Guaranty


2:30 pm – 2:40 pm Break


2:40 pm – 3:00 pm Avoiding Common Documentation Errors and Other Loan Issues

A. Administrative Changes

B. Form of Entity

C. Guaranty by Spouse

D. Notifying Account Debtors

E. Lien Continuation

F. Lien Subordination


3:00 pm – 3:45 pm Lien Priority Issues

A. Junior vs. Senior Priority; Moving From Junior to Senior Priority

B. Understanding Federal and State Tax Liens

C. Making the Most of Subordinate Secured Creditor State: Sales and Marshaling

D. Model Forms

E. Why Use an Intercreditor Agreement?

F. Key Provisions

G. Intercreditor Agreements vs. Debt Subordination


3:45 pm – 4:00 pm Opinion Letters

A. Purpose and Coverage

B. Assumption and Qualifications


4:00 pm – 4:15 pm Participation Agreements and Co-Lenders

A. Why Use a Participation Agreement?

B. Key Provisions

C. The Relationship of the Participants


4:15 pm – 4:30 pm Questions and Answers