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Under the LMA, it is possible to enforce a guarantee as an independent and primary obligation. (T/F)
______________ subordination may occur when a subsequent lender is given security by a holding company over shares in a subsidiary that has already lent to someone else.
This party acts as the custodian of the global bond following an issue.
If there is a chance of financial assistance arising, the relevant company due to provide the prohibited assistance will generally be re-registered as a private company (T/F).
This form of participation will expose an existing lender to a credit risk in respect of undrawn amounts.
An English lawyer can provide a legal opinion on the validity of foreign execution documents. (T/F)
A _______ charge will generally be taken over future property by a bank seeking as strong a security package as possible.
This allows an issuer to avoid having to pay withholding tax on interest payments under the bond.
This document sets out the terms of the appointment of a lead manager in a bond issue, and an arranger in a syndicated loan.
Section ____ of the Law of Property Act 1925 contains the perfection requirements for a legal assignment by way of security.
There are usually lower _________ costs associated with a bond issue than a syndicated loan.
A 2-3 business day grace period will generally be allowed to remedy failure to pay any amount payable pursuant to a Finance Document which was caused by an admin error. (T/F)
This clause allows a lender the right to allocate sums received from the borrower in any way it chooses.
This sets out the main terms of the proposed bond issue and invites prospective managers to join the syndicate of banks that will subscribe for the bonds.
The rule in _______ v Rolt provides that once a lender has notice of a subsequent security interest over the same asset all subsequent advances will rank behind in priority
Under the LMA, the Lenders provide the Agent with _______ for any costs that it incurs in taking action.
Auditor's comfort letters in relation to bonds are legally binding. (T/F)
A summary is always required on a listed bond issue. (T/F)
Under the LMA, a borrower will be contractually obliged to gross-up interest payments if a lender transfers a loan to a lender that is not a 'qualifying lender' (T/F).
Under the LMA, representations are deemed repeated on the first day of each ______ period and on each utilisation request.

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Created Aug 8, 2015ReportFavoriteNominate
Tags:debt, finance, strong

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