Facility Agreement Lma

These documents (for which the context allows, text, content, tables with macros and electronic interfaces, as well as their underlying assumptions, conversions, formulas, algorithms, calculations and other mathematical and financial techniques) are made available to members of the Credit Market Association, in accordance with the statutes of the Credit Market Association (a copy of which is available here) to facilitate the documentation of transactions in the credit markets. None of the Loan Market Association, Allen-Overy or Clifford Chance assumes any responsibility for any use of these materials or any loss, damage or liability resulting from such use. None of the Loan Market Association, Allen-Overy or Clifford Chance has considered the laws of a jurisdiction that may apply to any of the parties to an agreement using these materials and its purpose. Members should therefore consider all relevant legal, accounting and regulatory issues before using these materials or entering into a transaction in connection with these materials and, if necessary, consulting with their professional advisors. The standard LMA forms amended with regard to Slovak legislation are frequently used in the Slovak Republic, particularly for large-scale and complex transactions (clubs and syndications). Depending on the type of financing, forms of investment degree, leverage or real estate are used. The changes made by Slovakia mainly concern the status of the security officer, the refund and transfer certificate, and specific provisions are in place regarding insolvency procedures. Slovak facilities agreements based on the LMA standard have been used for about 15 years, mainly by Slovak offices of international law firms, generally regarded as banking consultants (which has also helped to standardize forms used in the local market). The purpose of this document is to provide guidelines for syndicated lending and debt financing transactions, including the types of facilities typically seen in the credit market, parties to a typical loan contract, and common methods used by lenders to transfer equity to loans. The purpose of this guide is to provide an overview of the key safeguards provided in a facility agreement and to assist agents, arrangers, lenders and those who agree to credit documentation to identify standard safeguards that an agent would benefit from under a loan contract. Although the use of standard LMA forms is widespread in EEC jurisdictions, in many cases the legislation in the LMA-based facility agreement is adapted to local law and LMA forms are modified accordingly to comply with mandatory local rules.

Recommended Posts