Seat at the table: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
* [[Acceleration]] | * [[Acceleration]] | ||
* [[Covenant]] | |||
* [[Cross acceleration]] | * [[Cross acceleration]] | ||
* [[Cross default]] | * [[Cross default]] | ||
Latest revision as of 15:43, 24 January 2021
Loan documentation.
A 'seat at the table' is the ability of a lender to be a participant in any refinancing negotiations with defaulting, or financially distressed, borrowers.
It is often achieved through cross default or cross acceleration clauses in loan agreements.
