Seat at the table: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: linked pages.) |
(No difference)
|
Revision as of 14:44, 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.
