Commercial Loans: Documenting For Success and Preparing for Failure

June 8, 2017
8:50 a.m. – 4:30 p.m.
6.00 MCLE hours
Presented by Commercial Banking, Collections, and Bankruptcy
Co-sponsored by Real Estate Law

Chicago
ISBA Regional Office
20 S. Clark Street, Suite 900
(map and directions)
Or Online Course

 

Click here to register for the CHICAGO program.

Click here to register for the LIVE WEBCAST.

 

Don’t miss this full day seminar that offers you an opportunity to understand the commercial lending process, the relevant commercial loan documents, and the negotiation and documentation of their terms. Real estate lawyers or attorneys representing financial institutions at an intermediate level of practice attending this seminar will better understand:

  • The overall commercial lending process;
  • Essential terms and common errors encountered in commercial loan documents;
  • How to assure UCC Code compliance;
  • Ethical considerations in lender liability claims;
  • Effects of Illinois Credit Agreements Act;
  • Documents for distressed borrowers; and
  • Much more!

 

Program Coordinator:
Sandra Franco-Aguilera
, Arnstein & Lehr LLP, Chicago
Samuel H. Levine, Miller Canfield Paddock and Stone PLC, Chicago

Program Moderator:
Michael L. Weissman
, Levin Ginsburg, Chicago

 

NOTE: Your registration includes access to electronic course materials that will be sent to you via email prior to the seminar. Printed course materials may be purchased for a nomial fee via the registration page.

 

 

Agenda

8:50 – 9:00 a.m.  Introduction and Opening Remarks
Michael L. Weissman,
Levin Ginsburg, Chicago

9:00 – 10:00 a.m.  The Lending Process
Don’t miss this comprehensive discussion that examines loan commitments, preliminary due diligence, the different types of borrowing entities, obtaining authorization, and resolutions.
Andrew D. Arons, Williams, Bax & Saltzman, P.C., Chicago
Joel N. Goldblatt, Williams, Bax & Saltzman, P.C., Chicago

10:00 – 11:00 a.m.  The Promissory Note and Loan Agreements
This informative segment reviews the essential terms and most frequent errors associated with these documents, the different types of notes, and the components of a loan agreement.
Robert D. Leavitt, Johnson & Colmar, Bannockburn

11:00 – 11:15 a.m.  Break (beverages provided)

11:15 a.m. – 12:15 p.m.  Guaranties and Third Party Documents
This presentation examines the essential terms and most frequent errors found in these type of documents, as well as life insurance agreements and subordination/inter-creditor agreements.
Michael L. Weissman, Levin Ginsburg, Chicago

12:15 – 1:15 pm.  Lunch (on your own)

1:15 – 2:15 p.m.  UCC Code Compliance
Learn how to assure UCC compliance while getting an update on the current issues surrounding lien perfection. Topics include: pledges of stock; LLC membership interest; partnership interests; and beneficial interests in Illinois land trusts.
Clinton P. Hansen, Thompson Coburn LLP, Chicago.

2:15 – 3:15 p.m.  Lender Liability Avoidance
Join us for this in-depth look at how to avoid exposure and defend against lender liability claims. The ethical issues you need to consider and the effect of the Illinois Credit Agreements Act are also discussed.
Michael L. Weissman, Levin Ginsburg, Chicago

3:15 – 3:30 p.m.  Break (refreshments provided)
Sponsored by the Illinois Bar Foundation

3:30 – 4:30 p.m.  Documentation for Distressed Borrowers
Get the information you need to help your client during a mortgage distress situation. Discover the differences between a workout and litigation, including the legal and economic considerations to be aware of; the need for pre-negotiation workout; and the essential terms and frequent errors in forbearance and modification agreements.
Thomas M. Lombardo, DiMonte & Lizak, LLC, Park Ridge