Practice areas
Banking and Finance
Learn the anatomy of a facility agreement: representations, covenants and events of default.
What the work involves
Summarise facility agreements for borrowers and lenders.,Track conditions precedent to drawdown across the security package.,Check representations and covenants against the client’s real position.,Monitor events of default and their cure periods.,Coordinate with lender’s counsel on CP satisfaction.
Skills you will practise
- Legal accuracy
- Commercial understanding
Work product
A facility terms summary and CP status email
Sample task
Classify loan provisions and update lender’s counsel on conditions.