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Loan Market Legal & Documentation

Standardizing loan documentation is a core function of the LSTA. Our suite of primary and secondary loan market documents is consistently updated and augmented each year. Timely market advisories offer guidance and help resolve market issues.

Standard Docs

Displaying 1-5 of 20 results.
DateTitle/DescriptionFiles
Apr 24, 2019

LMA Recommended Form of Bail-In Clause and Users Guide

The LMA has allowed us to post the LMA Form of Contractual Recognition Clause and related LMA User’s Guide on our website.  No Charge. Call (212) 880-3000 to inquire about receiving this document.

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Apr 18, 2019

Israel Model Credit Agreement Provisions - Successors and Assigns

This document is in Hebrew.

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Apr 18, 2019

Israel Model Credit Agreement Provisions - Governing Law Jurisdiction

This document is in Hebrew.

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Apr 18, 2019

Israel Form of Assignment Assumption

This document is in Hebrew.

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Mar 1, 2019

Form of Agreement Among Lenders (AAL)

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Market Advisories

Displaying 1-5 of 9 results.
DateTitle/DescriptionFiles
May 6, 2019

QFC Stay Rules

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Oct 10, 2018

Divisons by Delaware LLCs

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.

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Aug 10, 2018

New ERISA Representations for LSTA MCAPs

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

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May 11, 2018

FinCen's Customer Due Diligence Rule - Certification Regarding Beneficial Owners of Legal Entity Customers

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.

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Aug 7, 2017

Pro Rata Provisions in Credit Agreements

This Advisory highlights how pro rata provisions in a credit agreement may typically be modified.  Members Only

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Guidelines & Memos

Displaying 1-5 of 16 results.
DateTitle/DescriptionFiles
Mar 7, 2019

US Sanctions Issues in Lending Transactions

Call LSTA @ (212) 880-3000 to inquire about this document.

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Oct 22, 2018

Know Your Customer Considerations for Syndicated Lending and Loans ("KYC Guidelines")

Call LSTA @ (212) 880-3000 to inquire about this document.

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Apr 2, 2018

Blockchain and Distributed Ledger Technology: An Analysis of its Impact on the Syndicated Loan Market

Part Three: Application of Blockchain Technology to the Loan Market.  Members Only

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Mar 1, 2018

Blockchain and Distributed Ledger Technology: An Analysis of its Impact on the Syndicated Loan Market

Part Two: Smart Contracts.  Members Only

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Feb 1, 2018

Blockchain and Distributed Ledger Technology: An Analysis of its Impact on the Syndicated Loan Market

Part One: General Considerations and Blockchain Primer.  Members Only

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Drafts

Displaying 1-3 of 3 results.
DateTitle/DescriptionFiles
Apr 17, 2019

Form of LSTA Leveraged Credit Facilities Term Sheet

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Apr 17, 2019

Form of LSTA Leveraged Credit Facilities Term Sheet - Blacklined

Against the draft dtd January 4, 2019

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Apr 11, 2019

Application of the U.S. QFC Stay Rules to Credit Agreements

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Blacklined Documents

Displaying 1-5 of 5 results.
DateTitle/DescriptionFiles
Mar 7, 2019

US Sanctions Issues in Lending Transactions

Blacklined against the US Sanctions document dated August 1, 2018

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Mar 1, 2019

Form of Agreement Among Lenders (AAL)

Against the Exposure Draft dtd January 30, 2019

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Oct 10, 2018

Divisons by Delaware LLCs

Blacklined against the draft dtd September 28, 2018

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Aug 10, 2018

Blacklined - New ERISA Representations for LSTA MCAPs

Against the draft dtd July 13, 2018

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May 11, 2018

Revisions of LSTA's Form of Revolving Credit Facility

Certain revisions to the LSTA's Form of Revolving Credit Facility which address this issue (for example, the conditions precedent have been expanded to reference this and a covenant has also been included which requires the borrower to deliver the certificate).

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