11 May 2021
Amendments and Lender Voting Right Issues in Credit Agreements
Get an overview of the process and mechanics necessary to amend or waive provisions of a credit agreement. During the life cycle of a credit agreement, changes in the borrower’s circumstances or the credit market may prompt the borrower or lender to request an amendment to the terms of the credit agreement. This practice note dives into the issues.
Related Content
- Borrower Default and Lender Next Steps
Learn about actions that lenders may take following, and sometimes prior to, a default or an event of default under a credit agreement by a borrower. In some instances, the actions or events that occur may be automatically triggered under the credit agreement, and in other circumstances, the administrative agent, acting alone or with the direction or consent of the requisite lenders, must take certain steps to initiate the actions. - Event of Default Provisions in Credit Agreements
Prepare yourself for drafting or reviewing the events of default section of a credit agreement, which sets forth the events or circumstances the lenders believe will threaten the borrower’s ability to repay the loans as and when due. - Events of Default Resource Kit
Access an overview of events of default in a financing transaction, including drafting and negotiating the events of default provision itself, along with actions that could be taken after the occurrence of a default (such as an amendment, waiver, or an exercise of remedies). This resource kit includes Practical Guidance materials on each of these aspects of events of default, including a brief description along with detailed practice notes, forms, and clauses.
Practical Guidance Updates
Featuring the latest updates in Practical Guidance.
- Finance Fundamentals Resource Kit
- The Practical Guidance Journal Spring 2021 Edition
Details of the “New and Improved” Paycheck Protection Program - Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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