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.

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• 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.

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