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In a facility agreement, the finance parties are the parties that are designated as agent, arranger(s) and lenders. “Finance Party” means the Agent, the Arranger or a Lender. – Loa...
What are facility commitment fees?
Where only upfront fees are earned by syndicate participants (underwriters/sub-underwriters and participant lenders), borrowers can incur numerous other fees, depending on the natu...
What are due diligence reports?
Due diligence reports serve as a key source of information for investors in acquisition finance transactions, used to prepare financial models that project the performance of the t...
What are deferred taxes? How do deferred taxes occur?
Taxes due for payment in future years as a result of timing differences when different depreciation methods are used for financial reporting and tax purposes are deferred taxes. W...
What are deferred tax liabilities?
Deferred taxes are taxes resulting from timing differences when a firm uses different methods for its financial accounting and tax accounting. Tax expense relates to the income st...
What are current and noncurrent assets?
Current assets are cash and other assets that in the normal course of business are expected to be consumed or converted into cash within one year of the balance sheet date or the n...
What are credit impairment and loss allowance?
Credit impaired financial assets are reported on the balance sheet as a loss allowance that reduces the carrying amount of financial assets measured at amortized cost, contract ass...
What are CRE loan underwriting criteria?
For commercial real estate loans, the income-generating capacity of the property to support the loan must be carefully analyzed and fully understand. The underwriting of CRE loans...
What are contractual obligors?
Any person that incurs an actual or contingent obligation towards another person is an obligor, which includes borrowers and guarantors. The party (individual or organization) tha...
What are confidentiality papers?
Before sending the information memorandum and any other confidential information to prospective lenders/investors, the MLA and borrower must receive from them a signed confidential...
