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CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
This
program covers the risks and rewards of loan participations to both the
lead bank and the purchasing bank. Attendees will gain a thorough
understanding of Participation Agreements.
A
participant's checklist for a well-drafted Participation Agreement will be
reviewed, and administration of the participated loan will be discussed.
What
You Will Learn:
- Advantages of a participation to the lead bank and
participant bank
- Risks to the participant
- Lack of information
- Lack of involvement in negotiations
- Dependency upon lead
- Waivers
- Financial instability/insolvency of lead
- Set-off by borrower
- Asset-Based Lending
- Failure to perfect
- Conflicts of interest
- Due diligence by the participant and access to
information
- Disclosure of participation to borrower
- Concentrations and other regulatory aspects of
participations
- Loan agreement provisions related to participations
- Duties owed by lead to participant
- Rights to loan collateral and guaranties
- Loan administration issues
- Loan payments and other functions
- Consent to amendments
- Restrictions on transfer
- Loan purchase options
- Reimbursement and indemnification obligations
- Subparticipations
- Set-off by participant
- Understanding the participation agreement
- The participant's checklist
- The participation in workout
Who
Should Attend?:
CRE
lenders, commercial lenders; credit analysts, loan review specialists,
special assets officers, lending managers and credit officers. Support
personnel involved in the administration of loan participations are also
encouraged to attend. Please
forward email to appropriate person(s).
Instructor:
Robin
Russell has practiced law
for 30 years and is licensed in Texas, New York and Massachusetts. She is a
fellow in the American College of Bankruptcy and of the American Law
Institute. She combines a depth of experience in bankruptcy restructuring
and litigation with financial transactions. She has represented corporate
debtors, independent directors, liquidating trustees, bondholders,
unsecured creditors' committees, bank groups, private equity funds,
landlords, trade creditors and bidders for estate assets in Chapter 11 and
Chapter 7 bankruptcy proceedings. She has also represented banks,
institutional lenders and corporate borrowers in commercial loan transactions
and debt restructurings.
Robin
is the principal author of Thomson Reuters’ Texas Practice Guides for both
Creditors’ Rights and Financial Transactions and the Texas Bankers
Association’s Texas Secured Lending Guide, Texas Problem Loan Guide, Texas
Real Estate Lending Guide and Texas Account Documentation Guide. She is a
frequent speaker on banking, bankruptcy and financial restructuring related
topics and has served as a Chapter 7 Trustee. Robin received her LL.M. in
Banking Law from Boston University and her J.D. from Baylor University
where she was Editor-in-Chief of the Baylor Law Review and the highest
ranking graduate in her class. She clerked for the Texas Supreme Court
before beginning her legal career.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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