This program covers the risks and rewards of loan participations to both the lead bank and the purchasing bank. Attendees will gain a thorough understanding of Participation Agreements.

A participant's checklist for a well-drafted Participation Agreement will be reviewed, and administration of the participated loan will be discussed.What You'll Learn:

• Advantages of a participation to the lead bank and participant bank
• Risks to the participant
• Lack of information
• Lack of involvement in negotiations
• Dependency upon lead
• Waivers
• Financial instability/insolvency of lead
• Set-off by borrower
• Failure to perfect
• Conflicts of interest
• Due diligence by the participant and access to information
• Disclosure of participation to borrower
• Concentrations and other regulatory aspects of participations
• Loan agreement provisions related to participations
• Duties owed by lead to participant
• Rights to loan collateral and guaranties
• Loan administration issues
• Loan payments and other functions
• Consent to amendments
• Restrictions on transferLoan purchase options
• Reimbursement and indemnification obligations
• Subparticipations
• Set-off by participant
• Understanding the participation agreement
• The participant's checklist
• The participation in workout