Skill

legalcode-loan-agreement-review

Review loan and credit agreements clause-by-clause from the borrower or lender perspective. Covers interest rate provisions (fixed, variable, SOFR/SONIA benchmark transition, default rate, usury compliance), financial covenants (leverage ratio, interest coverage, fixed charge coverage, minimum liquidity, net worth, equity cure), affirmative and negative covenants, representations and warranties, conditions precedent to drawdown, events of default (payment, cross-default, cross-acceleration, MAC/MAE, judgment, insolvency), remedies and acceleration, prepayment provisions (voluntary, mandatory sweeps, make-whole, yield maintenance), security and collateral requirements (UCC Article 9 perfection, IP security interests, springing liens), guaranty provisions, intercreditor arrangements (first/second lien, unitranche FLFO), assignment and participation mechanics, and amendment/waiver provisions (required lender thresholds, yank-a-bank). Also covers EU Credit Servicers Directive 2021/2167, UK Financial Collateral Arrangements Regulations 2003, LMA Green Loan and sustainability-linked loan provisions, and LSTA model credit agreement mechanics. Produces clause-by-clause review with borrower-favorable and lender-favorable redline recommendations and negotiation prioritization.