Contract Check - How Secure is Your Financing?
In finance agreements, such as, for example, credit and loan agreements, swaps or bonds, companies are confronted with a large number of provisions that are quite difficult to understand.
Moreover, such contracts are usually closely related to one another through "cross default" provisions, in consequence of which the violation of a clause in one contract can also lead to the termination of other contracts.
In times of financial crisis, when financing possibilities are less easily available, and against the backdrop of increasing emphasis on compliance, precise conformity with contractual secondary obligations gains importance, not least in order to avoid providing any grounds for termination that would give the contracting party the right to revoke medium-term funding already promised to the company.
The early-bird seminar provides an overview of the scope of application and functionality of these clauses, in particular cross default provisions. Based on specific case examples, the seminar examines the possible consequences of selected model clauses.