Foley Senior Counsel Robert Heinrich authored an article titled “Borrower Beware” in the November 2009 issue of AFP Exchange. Heinrich discusses innovative remedies that borrowers have taken against defaulting lenders and administrative agents in the midst of the credit crisis, noting that both borrowers and lenders are attempting to proactively address the scenario of a defaulting administrative agent by building the concept into their loan documents. He adds that simple precautionary measures can provide a borrower with additional comfort that access to funds under its credit facility will not be unduly disrupted by the troubles of its lenders.
Related Insights
19 September 2024
Events
Law School for CFOs
We are excited to host this highly regarded event offered in collaboration with the Boston Chapter of the CFO Leadership Council and presented by Foley & Lardner LLP at our Boston office.
11 September 2024
Legal News: International Trade Enforcement & Compliance
Five Compliance Best Practices Every Multinational Company Should Consider for … Drafting Clear Compliance Dictates
Drafting clear compliance policies is essential for ensuring that employees understand their obligations and responsibilities in adhering to regulatory requirements and ethical standards. Here are some best practices for drafting clear compliance policies.
11 September 2024
Manufacturing Industry Advisor
What Every Multinational Company Should Know About …“Made in USA” Labeling Requirements
Many Americans value domestically made goods. A “Made in USA” label can hold special meaning for these consumers, as it serves as a symbol of patriotism, a sign of quality craftsmanship, and a show of solidarity with local industries, among other things.