Course description
This live and interactive online session, featuring a mixture of speaker-led presentations and practical exercises, will help you to understand the commercial reasons why lenders take security, the different methods of taking security over assets, and the specific concerns in relation to certain asset clauses.
A summary of the structure and main terms of a debenture together with some commonly negotiated points will be explored together with details of how you might structure a security package. Join the experienced and well-respected banking lawyer Lynn Cantwell in our virtual classroom as she discusses fixed and floating charges, stages of security (creation, attachment, perfection, enforcement), the typical layout of a security document, terms and concepts to remember, specific asset classes, negotiation points, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This 6 hour live broadcast session (split into 2 x 3 hour sessions) will help you to understand the commercial reasons why lenders take security and the different methods of taking security over assets as well as the specific concerns in relation to certain asset clauses.
A summary of the structure and main terms of a debenture together with some commonly negotiated points will be explored together with details of how you might structure a security package.
This practical live session will be a mixture of speaker-led presentations and hands-on exercises and workshops.
What You Will Learn
This introductory live and interactive online course will cover the following:
Part 1 - Reasons Behind Security
- Why take security?
- What would the position be without security?
Part 2 - Structuring a Security Package
- Considering your borrower
- Group structures
- Existing security
Part 3 - Different Methods of Taking Security
- Categorising security interests
- Lien
- Pledge
- Mortgage
- Charge by way of legal mortgage
- Assignment
- Charges
- Fixed Charge
- Floating Charge
- Floating Charge and crystallisation
- Distinction between fixed and floating charges and why it matters
- Priority between holders of security over same assets
- Stages of security - creation, attachment, perfection, enforcement
Part 4 - Debenture - Clause by Clause
- Typical layout of a security document
- Structure of a debenture
- Covenant to pay
- Charging provisions
- Mortgage
- Assignments
- Fixed Charges
- Qualifying floating charge
- Negative pledge
- Further assurance
- Perfection and maintenance
- Protection clauses
- Dismantling
- Some terms and concepts to remember
Part 5 - Specific Asset Classes
- Book debts
- IP rights
- Shares
- Accounts
Part 6 - Negotiation Points
- Lender and borrower considerations
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...