LPC Law Notes Finance and Capital Markets Notes
A collection of the best Capital Markets and Loans* notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short, these are what we believe to be the strongest set of Capital Markets and Loans notes available in the UK this year. This collection is...
The following is a more accessible plain text extract of the PDF sample above, taken from our Finance and Capital Markets Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
1. List any documents which you would expect Danton Bank plc (“Danton”) to include as conditions precedent in Part I of Schedule 2 of the Facilities Agreement. Also state who is responsible for producing the doc and why the bank wants it.
The List of the document should be as precise in the level of detail required from certain documents and tailored to the specific facts. LOOK at Points to Note
DOCUMENT | REASON BANK WANTS IT | |
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CORPORATE DOCs |
| Make sure Borrower is acting with authority and capacity i.e. not going against constitution. That there is Commercial Benefit These CPs supportCl 18.4 representation |
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SECURITY DOCs |
| Proof that the bank has security & priority for their loan (old security has been discharged) |
PROPERTY DOCs |
| Proof that borrower has good title to the secured properties. Helps ensure value is accurate & that there is insurance in place to limit risk. These CPs supportCl 18.13-15 representations |
LEGAL OPINION |
| To confirm the validity of the agreement and the effectiveness of any security |
OTHER DOCS & EVIDENCE |
| Bank wants these docs to address/resolve issues that have been discovered through DD Helps banks see if Co is complying with financial covenants (see Cl 20) |
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Docs provided by:
Borrower’s Sol (most, including searches)
Bank’s Sol (para 4)
Seller’s Sol (for borrower purchasing buildings)
Barboroli& Cosmopolitan (para 2(d))
Premier Construction Limited Docs (para 3(k) & n(ii))
Accountants (para 5(a))
Task 1
Question 1
the Borrower will not be able to draw down the money until the Condition Precedent is satisfied. If it is likely that they will not be able to comply with the Condition Precedent it may be necessary to negotiate the Condition Precedent. It is possible that the bank may waive the condition temporarily or permanently. Of course, the bank may just refuse to sign the agreement.At this stage the bank may also have access to contractual remedies. Moreover, the Co. is likely to have been...
Buy the full version of these notes or essay plans and more in our Finance and Capital Markets Notes.
A collection of the best Capital Markets and Loans* notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short, these are what we believe to be the strongest set of Capital Markets and Loans notes available in the UK this year. This collection is...
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