This Advisory explains the amendment to the Delaware Limited Liability Act, which allows any Delaware limited liability company to divide into two or more limited liability companies pursuant to a plan of division, explains how it could impact credit agreements, and sets out draft credit agreement language. Members Only.
Against the draft dtd July 13, 2018
This Advisory replaces the guidance contained in the LSTA’s September 2017 advisory on ERISA representations required under the Department of Labor (DOL)’s 2016 Fiduciary Rule. Members Only
This form of certification has been tailored for syndicated loan transactions and requests the information which covered financial institutions are required to obtain under FinCEN’s customer due diligence rules from legal entity customers about certain of their beneficial owners.
This Advisory highlights how pro rata provisions in a credit agreement may typically be modified.
This Advisory sets out the LSTA’s initial analysis of the potential implications for U.S. loan documentation of the European “bail-in” rules that took effect in 2016.
This Advisory explains the details of the LSTA’s disqualified institution structure included in the LSTA Model Credit Agreement Provisions.
This Advisory addresses the prohibition on the assignment of loans to natural persons.
This Advisory addresses the implications for loan documentation raised by 2013 regulatory activity relating to the term “swap” and establishing that the guarantee of a swap is itself a “swap”.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.