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Asset Based Lending: Navigating Third-Party Relationships

Failing to understand or address third-party relationships can be a costly mistake - the key is to identify and address these issues early.

Third-parties - can't deal with them, can't do a deal without them. Asset based loans are complicated. Documenting asset based loans is intrinsically tied to understanding and securing the ability of the asset based lender to enforce and realize on the collateral. Lenders and their counsel are often adept at perfecting on collateral under Article 9 of the Uniform Commercial Code. Relationships with third-parties (landlords, bailees, and other creditors) are just as important. Access to the collateral, competing liens or interests, and other rights of third-parties can be significant barriers to realizing the full value of collateral. Lenders and their counsel, however, often overlook, misunderstand or undervalue the importance of these third-party relationships. This relationship is further complicated by the fact that third-parties are often uncooperative or uninterested in reaching an agreement. They cannot be ignored though. This ondemand webinar will give lenders and attorneys the practical tools to understand and address third-party relationships. This ondemand webinar will also identify the key aspects of these relationships so that lenders and their counsel can more successfully negotiate agreements that achieve the primary goals without excessive negotiation. Failing to understand or address third-party relationships can be a costly mistake. Identifying and addressing these issues early in a lending relationship is an opportunity for attorneys to add significant value and for lenders to avoid significant losses in a liquidation or enforcement.

Runtime: 88 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Landlord Waivers

  • Do I Really Need a Landlord Waiver?
  • Typical Aspects of the Landlord Waiver
  • Common Mistakes

Bailee Agreements

  • Understanding Various Bailment Relationships
  • Identifying What the Lender Really Needs From the Bailee
  • Common Mistakes

Intercreditor Relationships

  • Subordinate Lenders
  • Purchase Money Lenders
  • Floor Plan/Specialty Lenders
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on May 6, 2015.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

John F.W. Fleming

John F.W. Fleming

Densborn Blachly, LLP

  • Partner in the office of Densborn Blachly LLP, listed as a US News & World Report Tier I Best Law Firm
  • Practice emphasizes all aspects of commercial law and finance
  • Conducts regular seminars and workshops on numerous commercial lending issues
  • J.D. degree, University of North Carolina ,UNC School of Law with Honors, B.S degree, cum laude, Wabash College
  • Can be contacted at 317-669-0128 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 396131
Published 2015
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