November 2019
Intermediate to advanced
218 pages
5h 17m
English
Content preview from Equipment Leasing and Financing
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Closing the Financing Contract
Overview
Once the terms and conditions of a financing contract are agreed on, certain additional documents, referred to as collateral documents, may be required to close a financing transaction. These collateral, or supplemental, documents range from the ones that essentially provide comfort on specified issues, such as opinions of counsel, to the ones that address critical support arrangements, such as a contract guaranty.
Although drafting the supplemental papers will be the responsibility of the transaction’s lawyers, the business people should understand the fundamental concepts involved so that any forms can be meaningfully reviewed to ensure they accurately reflect the agreements reached. Also, ...
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