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Asset-Based Finance, Part I & II (teleseminar)
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This program will provide you with a practical guide to structuring, reviewing and drafting for asset-based loans.

7/12/2018 to 7/13/2018
When: 07/12/2018 - 7/13/2018
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781

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One-hour CLE programs are just a phone call away
Convenient, affordable, timely and informative
An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.


Asset-based loans are the most common form of finance among closely held companies.  Often lenders are unwilling to loan on the basis of a company’s cash flow – or loan on terms the company finds acceptable – leaving collateral based loans – secured by the company’s equipment, inventory, receivables or other assets – as the only form of capital available to the company.  Each type of collateral loan has a different structure and its own nuances that may help the company sustain operations and grow, or prove to be an operational hindrance.  This program will provide you with a practical guide to structuring, reviewing and drafting for asset-based loans.

Day 1 – July 12, 2018:
Asset based v. cash flow borrowing – how it impacts reps, warranties and covenants in loan documents 
Overlay of UCC Article 9 law and practice on asset-based finance
Types of loans – revolving loans based on inventory and receivables, terms loans based on equipment, and chattel paper financing
Structures – bilateral v. syndicated loans, letter of credit facilities, second liens, inter-creditor agreements
Lender fees and other compensation

Day 2 – July 13, 2018:
Focus on specific types of loans and structuring and drafting nuances of each
Equipment financing – attachment, perfection and priority issues 
Inventory financing – eligibility, lending formula, and attachment 
Receivables financing – identifiable cash proceeds, lockbox arrangements and control agreements
Anticipating enforcement – repossession, disposition, and retention
Review bankruptcy issues 

Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property.  He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities.  Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee.  Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.

*(Teleseminar courses qualify for self-study credit only)  


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