Finance Deals & Syndicated Lending · glossary
The documents the Agent must have before the borrower can draw, such as board minutes, a legal opinion and KYC evidence. They hold up the money, not the contract. The junior usually keeps the checklist. Schedule 2 · Chapter 14
Explained in Chapter 14, Conditions Precedent and Closing, of Finance Deals & Syndicated Lending.
Also explained in Security & Collateral.
Before Atlas can draw, it must deliver the conditions precedent, the documents and confirmations the banks require first. Schedule 2 lists them, from board minutes and a legal opinion to a copy of the signed purchase agreement. Chapter 14 covers them in full.Read Chapter 1, What Debt Finance Is →
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