This annex may be used when settling a par trade of a revolving credit facility as a participation where there are unfunded commitments. It forms part of the Par Participation Agreement and Schedule 1 to the Annex is completed by the parties.
This Annex may be used when settling a distressed trade of a revolving credit facility as a participation where there are unfunded commitments and the seller asks the buyer to secure its obligations to pay any funding advance. The Collateral Annex forms part of the Participation Agreement for Distressed Trades and Schedule 1 to the […]
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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.