Drafting Financial Covenants in Business Transactions Out of Stock
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About the Seminar - Computer Based Audio ONLY programs (No Video) - DOES NOT QUALIFY FOR CLE BIG TICKET
When investors put capital into a business, the capital often comes with demands for covenants that protect their investment. These may be operational or financial in nature - i.e., the company achieves certain revenue or cash flow benchmarks or a certain return on equity, is solvent, or dozens of other alternatives. In the event these covenants are breached, the investor often has several remedies, among them an immediate return of capital or taking control of the company. Every covenant comes with its own negotiating and drafting traps. This program will provide you with a real-world guide to financial covenants in business transactions.
-Uses of financial covenants by investors to protect their investment
-Common covenants - asset tests, operating metrics, performance over time
-Immediate return of capital, preferred distributions, or shifts in management control on breach
-Drafting covenants, waivers, and cure periods
-Common traps in negotiating, structuring, and drafting covenants
About the Speaker
Lee Terry is a partner in the Denver office of Davis, Graham & Stubbs, LLP, where he has a broad corporate and securities practice. He advises clients on mergers and acquisitions, joint ventures, partnership agreements, licensing and other technology related contracts. He has an active practice advising private companies, ranging from capital raising and major transactions to dispute resolution and investigations. He also has an extensive securities law practice, including various types of capital raising transactions. Earlier in his career, he worked in the Office of General Counsel of the Securities and Exchange Commission. Mr. Terry earned his A.B. from the University of Michigan and his J.D. from Wayne State University.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour.
This seminar is an Intermediate level program.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2020, please use this course code: 201833ADT
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213177ADT
Tags Business/Corporate