Insights on Pledge Agreement, Deposit Agreements, UCC Financing Statements and much more!
It is important to comprehend the documentation and strategic benefits and limitations of employing various different types of security instruments, including pledge agreements, deposit and control agreements, UCC financing statements and other collateral assignments to address unique issues such as securing rights to bond payments, tax reimbursements, escrowed funds and other similar matters. You will understand the role of UCC financial statement in this seminar, learning how UCC is not a security agreement and it only provides notice to third parties.
Join Ren R Hayhurst in this riveting 90 session to learn the differences between the various instruments and the reasons for selecting one collateral approach over another, including a consideration of potential bankruptcy issues. It is important for you to know what are the bankruptcy issues that are faced, for example, Possession is preferable and pledge of collateral from third party is not affected by BK filing by borrower. Finally, there will be a discussion of these issues from both the lender and the borrower/sponsor points of view. In addition, the attendees will also get the PowerPoint’s, handouts, checklist, cheat sheet, and practical examples.
UCC Financing Statements
Managing reserves, impounds and holdback
Difference between cash collateral and pledged accounts
Types of security arrangements
Common uses of pledged accounts
Application of pledged funds
Security Interests in Personal Property Collateral
Impact of real property as part of collateral package
Type of personal property dictates form of security arrangement
Deposits, security and Escrow accounts
Trends in Lender Liability: CA, OR and WA Concerns
Recent CA Cases
Secured guaranties – new trends
Who should attend
Primarily business people, including lenders, investors, and developers
Ren Hayhurst’s practice focuses on all aspects of structured finance transactions, including real estate and commercial loan documentation, real estate loan workouts and foreclosure, receivership and loan/guaranty enforcement litigation. Mr. Hayhurst has created widely used forms for stand...
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