Can We Do This? Disposition of Assets (Loan Agreement Checklist)

Resource type: Checklist

Status: Maintained

Jurisdiction: USA

This Checklist describes issues that borrower's and lender's counsel may need to consider under a loan agreement before the borrower can dispose of any assets. It highlights negative covenants, mandatory prepayment provisions, financial covenant tests, collateral requirements and definitions to be considered. Use this Checklist to review your loan agreement for restrictions on disposing of assets when the borrower asks, "Can we do this?"

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Resource ID: 2-504-9825
Products: PLC US Finance, PLC US Law Department
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Related content

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Topics

Lending: GeneralLending: General (http://us.practicallaw.com/0-380-7405)

Practice Notes

Loan Agreement: Financial Covenants Loan Agreement: Financial Covenants (http://uslf.practicallaw.com/topic3-384-0955)
Loan Agreement: Negative Covenants Loan Agreement: Negative Covenants (http://uslf.practicallaw.com/topic5-383-3077)
Loan Agreement: Prepayment and Commitment Reduction Provisions Loan Agreement: Prepayment and Commitment Reduction Provisions (http://uslf.practicallaw.com/topic8-501-6488)
Security and Guaranties: Release Security and Guaranties: Release (http://uslf.practicallaw.com/topic6-381-2932)

Standard Documents

Loan Agreement Amendment Loan Agreement Amendment (http://uslf.practicallaw.com/topic0-501-8108)
Loan Agreement Waiver/Consent Loan Agreement Waiver/Consent (http://uslf.practicallaw.com/topic7-501-7624)
Security Agreement Security Agreement (http://uslf.practicallaw.com/topic9-383-2165)

Standard Clauses

Loan Agreement: Financial Covenants Loan Agreement: Financial Covenants (http://uslf.practicallaw.com/topic2-383-3168)
Loan Agreement: Negative Covenants Loan Agreement: Negative Covenants (http://uslf.practicallaw.com/topic7-383-5792)
Loan Agreement: Prepayment and Commitment Reduction Provisions Loan Agreement: Prepayment and Commitment Reduction Provisions (http://uslf.practicallaw.com/topic2-384-1535)

Checklists

Can We Do This? Creating a Joint Venture (Loan Agreement Checklist) Can We Do This? Creating a Joint Venture (Loan Agreement Checklist) (http://uslf.practicallaw.com/topic8-503-6405)
Can We Do This? Declaring a Dividend (Loan Agreement Checklist) Can We Do This? Declaring a Dividend (Loan Agreement Checklist) (http://uslf.practicallaw.com/topic7-504-6990)
Can We Do This? Making an Acquisition (Checklist) Can We Do This? Making an Acquisition (Checklist) (http://uslf.practicallaw.com/topic1-504-7493)

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