Security & Collateral · glossary
The documents the Bank must hold before it lends: the signed Facility Agreement and Debenture, board minutes, the valuation, the searches, the old lender's payoff letter, the deeds and share papers, and a legal opinion. The junior keeps the checklist. Chapter 10
Explained in Chapter 10, Release, Priority and the File You Keep, of Security & Collateral.
The main page for this term is Conditions precedent (CPs), in Finance Deals & Syndicated Lending.
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