Review of operational clauses, including:

• Availability
• Optional currencies
• Typical conditions precedent
• Market disruption
• Repayment and prepayment

Review of legal clauses, including:

• General undertakings, e.g.
  • Disposal of assets
  • Mergers
  • Change of business
  • Negative pledge
• Typical financial covenants
• Representations and warranties
• Events of default, e.g.
  • Cross default
  • Non-payment
  • Breach of obligations
  • Insolvency proceedings
• Review of other typical clauses to be found in the agreement:
  • Set off
  • Transfers: the difference between novation, assignment and sub-participation
  • The responsibilities of arranger and facility agent
  • The concept of Majority Lenders
  • Amendments and waivers
  • Sharing amongst the finance parties
  • Law and jurisdiction