International Loan Documentation (Finance and Capital Markets Series)

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. This detailed study of international loan documentation provides a highly practical and comprehensive resource for bankers and lawyers, at all levels of experience, involved in international lending. Wright covers the terms of international loan documentation with comprehensive explanations of the purpose of the provisions, and of areas that may require negotiation, with an emphasis on the wording of the Loan Market Association documents. This work covers term loans and revolving credits and also includes comparisons of the provisions required for investment grade borrowers, and for asset and project based credit risks. It includes discussion of security, quasi security and legal opinions as well as Appendices explaining key issues of English law such as trusts and consideration; and a glossary of expressions commonly used in this area Front Matter....Pages i-xvi Introduction....Pages 1-31 Front Matter....Pages 33-33 Interpretation....Pages 35-55 The Facility....Pages 56-66 Utilization....Pages 67-73 Repayment, Prepayment, and Cancellation....Pages 74-79 Costs of Utilization....Pages 80-92 Additional Payment Obligations....Pages 93-106 Front Matter....Pages 107-107 Guarantee....Pages 109-116 Representations, Undertakings, and Events of Default....Pages 117-184 Front Matter....Pages 185-185 Changes to Parties....Pages 187-209 The Finance Parties....Pages 210-220 Administration....Pages 221-229 Governing Law and Enforcement....Pages 230-232 Schedules....Pages 233-258 Back Matter....Pages 259-316

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. The book provides a highly practical and comprehensive resource for bankers and lawyers, at all levels of experience, involved in international lending.