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Credit Agreement Lender Payment Sharing Clause Sample

Description: Generally, lenders should share equally in recovery from borrowers assets. This sample credit agreement clause covering sharing of payments by lenders is based on LSTA's model credit agreement.
Form Type: Contract Clauses
Practice Area: Corporate & Securities

Date: May 2014
PLI Item #: 133467
Keywords: "LSTA"; "Loan Syndication and Trading Association"; "credit agreement"; "credit facility"; "borrower"; "lender"; "Dodd-Frank"; "FATCA"; "loan document"; "representations and warranties"; "cash collateral"; "defaulting lender"; "event of default"; "sharing of payments by lenders"
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