Don’t Make a Payment Mistake!

Read this practice note discussing market trends for erroneous payment provisions. Erroneous payment clauses are included in syndicated loan transactions to require lenders to return payments paid to them in error by the administrative agent. The data analyzed in this practice note was obtained using Market Standards, Practical Guidance’s searchable database of publicly-filed credit agreements and commitment letters.

Read now »

Related Content

• Credit Agreement Resource Kit
  Check out this resource kit providing an overview of drafting, reviewing, and negotiating a credit agreement, the principal document in a financing transaction. This resource kit includes links to Practical Guidance materials, including detailed practice notes, templates, clauses, videos, and checklists.

• Revolving Credit (and Guaranty) Agreement (DIP Credit Agreement)
  Review this template agreement between a Chapter 11 debtor-in-possession (DIP), the debtor’s guarantors on the loan (if any), a group of DIP lenders, and the agent for the DIP lenders.

• Erroneous Payment Clauses (Credit Agreement)
  Use these clauses for a credit agreement in a syndicated loan transaction to require lenders to return errant payments made by an administrative agent.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.

• Market Standards—Finance
• Unitranche Facility Visual Checklist
• Securities Lending
• Securities Lenders, Borrowers, and Intermediaries
• Securities Lending: Laws, Regulations, and Risk Management
• Market Trends 2024: Term SOFR Benchmark Replacement Provisions
• Market Trends 2023/24: Credit Agreements in the Oil & Gas Industry
• Uptier Transactions and Drop-Down Financing
• Public-Private Partnership Legislation (Alaska)
• Public-Private Partnership Legislation (Kentucky)
• Public-Private Partnership Legislation (North Carolina)
• Public-Private Partnership Legislation (Missouri)
• Public-Private Partnership Legislation (West Virginia)
• Sustainability-Linked Loans Tracker is a frequently updated tracker identifying and analyzing select new publicly filed sustainability-linked loans.
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
• Discover New Practical Guidance Content and Resources
  Review this informative guide featuring some of the recent content additions to Practical Guidance, designed to help you find the tools and insights you need to work more efficiently and effectively.
• Bank Failure Resource Kit assembles Practical Guidance resources covering topics related to bank failures.
• The Fall 2024 Edition of The Practical Guidance Journal features guidance on the use of AI in employment decisions, AI considerations in acquisition agreements, Chevron deference reversal challenges in FDA rulemaking, 50 years of ERISA pension protection, plus obligations and risks related to the provision of anti-overdose medication in the workplace.
• Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
• Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
• Browse the Practical Guidance Author Center to see the 2000+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.    

PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+