Seat at the table: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: linked pages.) |
imported>Doug Williamson (Add link.) |
||
| Line 13: | Line 13: | ||
* [[Default]] | * [[Default]] | ||
* [[Event of default]] | * [[Event of default]] | ||
* [[Financial covenant]] | |||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Materiality]] | * [[Materiality]] | ||
Revision as of 14:45, 29 April 2020
Loan documentation.
A 'seat at the table' is the ability of a lender to be a participant in any refinancing negotiations with defaulting, or financially distressed, borrowers.
It is often achieved through cross default or cross acceleration clauses in loan agreements.
