20 Nov 2024
Defaulting Lender and Yank-a-Bank Provisions in Credit Agreements
Review this new practice note providing an overview of defaulting lender provisions, including yank-a-bank provisions, allowing the borrower to replace a lender in the syndicate. This practice note also discusses recent market trends in publicly filed credit agreements from the fourth quarter of 2023 through the third quarter of 2024.
Related Content
- Bank Failure Resource Kit
Check out this resource kit covering topics related to the 2023 bank failures. This resource kit includes Practical Guidance materials on bank failures and related issues, including detailed practice notes, templates, and checklists.
- Amendments and Lender Voting Right Issues in Credit Agreements
Read this practice note discussing 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 agreement may prompt the borrower or lender to request an amendment to the terms of the credit agreement.
- Amendments and Waivers Clauses (Credit Agreement)
Use these clauses for a credit agreement in a syndicated loan transaction to provide requirements for modifying agreement terms and for obtaining agent and lender group waivers of agreement requirements.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
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