amend & extends

amend & extends
USA
The term refers to an amendment to a syndicated loan agreement where certain lenders agree in advance to extend the maturity date of their loans. In exchange for this early non-pro rata extension of the loan maturity, the extending lenders typically receive a higher applicable margin on their extended loans. In addition, the extending lenders may receive additional compensation, including extension or amendment fees and increased commitment fees.
For links to Amend & Extend amendments to loan agreements, see Practice Note, What's Market: Amend & Extends (www.practicallaw.com/9-385-9683). For more information on Amend & Extends, see Practice Note, Amend & Extends: When Non-pro Rata is the Best Way (www.practicallaw.com/8-386-4388).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • amend & extend — USA The term refers to an amendment to a syndicated loan agreement where certain lenders agree in advance to extend the maturity date of their loans. In exchange for this early non pro rata extension of the loan maturity, the extending lenders… …   Law dictionary

  • amends & extends — USA The term refers to an amendment to a syndicated loan agreement where certain lenders agree in advance to extend the maturity date of their loans. In exchange for this early non pro rata extension of the loan maturity, the extending lenders… …   Law dictionary

  • refinancing cliff — USA Market term used for the looming over demand for bank loan refinancings by borrowers. It is called a cliff because many of the loans entered into during the busy years of 2005 2007 are due to mature around the same time (2012 2014). After the …   Law dictionary

  • Russia — /rush euh/, n. 1. Also called Russian Empire. Russian, Rossiya. a former empire in E Europe and N and W Asia: overthrown by the Russian Revolution 1917. Cap.: St. Petersburg (1703 1917). 2. See Union of Soviet Socialist Republics. 3. See Russian… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

  • Algeria — /al jear ee euh/, n. a republic in NW Africa: formerly comprised 13 departments of France; gained independence 1962. 29,830,370; 919,352 sq. mi. (2,381,122 sq. km). Cap.: Algiers. * * * Algeria Introduction Algeria Background: After a century of… …   Universalium

  • Courts and Legal Services Act 1990 — Courts and Legal Services Act, 1990 Parliament of the United Kingdom Long title An Act to make provision with respect to the procedure in, and allocation of business between, the High Court and other courts; to make provision with respect to… …   Wikipedia

  • Article One of the United States Constitution — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I  …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”