Seat at the table

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.

See also

• Acceleration
• Covenant
• Cross acceleration
• Cross default
• Default
• Event of default
• Financial covenant
• Loan agreement
• Materiality