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Structuring & Drafting for Asset-Based Financing, Part II: Teleseminar
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When: Wednesday, August 23, 2017
Dial-in: 12:45 PM | Program: 1:00 PM - 2:00 PM
Where: Teleseminar: WebCredenza

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Business Law + Commercial Law

Brought to you in partnership with WebCredenza
These telephone seminars are presented by national speakers who are experts in their areas of practice often ABA Section chairs, authors of books in their areas of practice, and heads of practice groups.

Asset-based loans are the most common form of finance among closely held companies. Often lenders are unwilling to loan on the basis of a company’s cash flow – or loan on terms the company finds acceptable – leaving collateral based loans – secured by the company’s equipment, inventory, receivables or other assets – as the only form of capital available to the company. Each type of collateral loan has a different structure and its own nuances that may help the company sustain operations and grow, or prove to be an operational hindrance.  This program will provide you with a practical guide to structuring, reviewing and drafting for asset-based loans.

Day I August 2

  • Asset based v. cash flow borrowing – how it impacts reps, warranties and covenants in loan documents
  • Overlay of UCC Article 9 law and practice on asset-based finance
  • Types of loans – revolving loans based on inventory and receivables, terms loans based on equipment, and chattel paper financing
  • Structures – bilateral v. syndicated loans, letter of credit facilities, second liens, inter-creditor agreements
  • Lender fees and other compensation

Day II – August 23:

  • Focus on specific types of loans and structuring and drafting nuances of each
  • Equipment financing – attachment, perfection and priority issues
  • Inventory financing – eligibility, lending formula, and attachment
  • Receivables financing – identifiable cash proceeds, lockbox arrangements and control agreements
  • Anticipating enforcement – repossession, disposition, and retention
  • Review bankruptcy issues

Steven O. Weise,
Proskauer Rose, LLP – Los Angeles

MSBA Standard Member: $69
Non-Members: $99


Once registered, you will receive an email confirmation from the MSBA containing a toll-free telephone number to call on the day of the seminar.

Prior to the seminar or on the morning of the seminar, you will receive an email with a .pdf containing the materials for the program to download to your desktop or mobile device.

Members and Non-Members need to log in to see the proper registration fees.

  • Members: If you are a member of the MSBA, please sign in to receive the member rate.
  • Non-Members & Non-Attorneys: If you have attended any MSBA event in the past, you have an account with us. If you do not know your username or password, please call the MSBA. We will provide you with login credentials so you can register online.
  • If you have never attended an MSBA event: Please call the MSBA or mail or fax this registration form to register.

Full refunds will be given to those who cancel by 4:30 p.m., 5 working days prior to the program. Registrants who cancel after this deadline but prior to the program date will be charged an administrative fee of $15 per credit hour. A link to download and print the materials will be sent to those who fail to cancel in advance.


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