abi LIVE
Understanding Make-Whole and No-Call Provisions: Key Takeaways From Recent Decisions

HOSTED BY: SECURED CREDIT COMMITTEE
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DATE:
Tuesday, September 9, 2014
TIME:
1:00-2:15 p.m. EDT
DURATION:
75 minutes
REGISTRATION FEE:
$75.00 for ABI members
$195.00 for non-members
(Includes a 1-year membership for non-members)
SPEAKERS

 

Charles Reardon
Asgaard Capital LLC
Vienna, Va.

 

Stanley B. Tarr
Blank Rome LLP
Wilmington, Del.

 

Andrew V. Tenzer
Paul Hastings LLP
New York

 

 

Description:


Make-whole provisions in loan documents, which compensate lenders for the loss of future interest payments when a borrower voluntarily prepays its debt, and no-call provisions, which prohibit the prepayment of debt before maturity, can greatly affect distributions to creditors in bankruptcy. The enforceability of these provisions has given rise to extensive litigation in such cases as AMR Corp. (American Airlines), School Specialty, GMX Resources and Chemtura. This 75-minute webinar will review recent decisions and the current state of the law concerning make-whole and no-call provisions. Key takeaways that practitioners should be aware of when drafting these provisions will also be discussed.

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Continuing Education Credit


ABI will seek 1.25 hours of general CLE credit in 60-minute-hour states and 1.5 hours of credit in 50-minute-hour states. CLE-Approved States: ABI’s live webinars and teleconferences ordinarily receive CLE credit in AL, CA, DE, GA, IL, MN, NE, NH, NJ, NY (approved jurisdiction policy), PA, TN and TX. ABI will obtain approval in additional states. ABI does not seek direct accreditation of live webinars in KS and OH. Credit hours granted are subject to approval from each state, which may not be determined prior to the program.
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