TreatiseTreatise

Hillman on Commercial Loan Documentation (5th Edition)

 by Thomas S. Hemmendinger
 
 Copyright: 2000-2012
 Last Updated: June 2012

 Product Details >> 

Product Details

  • ISBN Number: 0872241297
  • Page Count: 845
  • Number of Volumes: 1
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"Continues to provide a solid guide to the practitioner on the nuts and bolts of documenting commercial loans.  Not only are the explanations of commercial loan concepts and secured transactions rules clear and crisp, but also the forms are a helpful guide to drafting and execution.  This book will continue to be of enormous value to the general practitioner and a handy check even to those who are highly experienced in the field."
—Edwin E. Smith, Bingham McCutchen LLP


At a time when the commercial lending environment is especially unpredictable and anxiety-inducing, it’s more important than ever that you know how to document transactions in ways that secure lenders’ interests, minimize their risks, and protect them from liability.

PLI’s Hillman on Commercial Loan Documentation offers the practical guidance that enables you to do just that. With the aid of timesaving sample forms and sample drafting language, you’ll craft more quickly and confidently the full range of relevant documents, including loan agreements, security agreements, financing statements, pledges, guaranties, and opinion letters.

With the help of Hillman, you’ll conduct effective due diligence on prospective borrowers; use loan closing checklists that ensure every key step is taken to get solid deals done; obtain comprehensive hazard insurance that shields lenders, and draft agreements that protect lenders from environmental risks, resolve conflicts with creditors, and allow lenders to capitalize on lucrative financing opportunities.

Updated at least once a year, Hillman on Commercial Loan Documentation is a valuable practical reference for any attorney, executive, business professional, or public official involved in commercial lending.

  Preface
Chapter 1: Overview
Chapter 2: Ethical Considerations; And Forms 2.1-2.2
  • § 2:1 : Introduction2-1
  • § 2:2 : Representing Borrower and Guarantors2-1
  • § 2:3 : Clients on Both Sides of the Transaction2-2
  • § 2:4 : How it Can Play Out2-2
  • § 2:5 : Conclusion2-3
    • Form 2.1 : Disclosure Letter (Authorizing Counsel to Represent Borrower Only)2F1-1
    • Form 2.2 : Disclosure Letter (Authorizing Counsel to Represent Lender Only)2F2-1
Chapter 3: Commitment (and Other) Letters; And Forms 3.1-3.4
  • § 3:1 : What Are We Talking About?3-1
  • § 3:2 : Letters of Intent3-2
  • § 3:3 : Term Sheets3-4
  • § 3:4 : Commitment Letters3-6
    • Form 3.1 : Letter of Intent3F1-1
    • Form 3.2 : Term Sheet3F2-1
    • Form 3.3 : Formal Commitment Letter (Line of Credit and Term Loan)3F3-1
    • Form 3.4 : Formal Commitment Letter (Real Estate Loan)3F4-1
Chapter 4: Preliminary Considerations; And Forms 4.1-4.2
  • § 4:1 : Introduction4-1
  • § 4:2 : Loan Closing Checklists4-1
  • § 4:3 : Integrating the Loan Documents4-3
    • § 4:3.1 : Nomenclature Generally4-3
    • § 4:3.2 : Defined Terms4-4
    • § 4:3.3 : Substantive Provisions4-4
    • § 4:3.4 : Keep Your Documents Clear and Lean4-5
  • § 4:4 : Document Assembly Systems4-6
    • Form 4.1 : Loan Closing Checklist4F1-1
    • Form 4.2 : Agenda for Hypothetical Secured Loan4F2-1
Chapter 5: Documentary Aspects of Lender Liability Avoidance
  • § 5:1 : Introduction5-1
  • § 5:2 : Antiwaiver Clauses5-1
  • § 5:3 : Integration Clauses5-3
  • § 5:4 : Jury Trial Waivers5-3
  • § 5:5 : Arbitration5-4
  • § 5:6 : Defining Reasonableness5-5
  • § 5:7 : Stopping Lender Liability Claims Before They Get Started5-6
    • § 5:7.1 : The Virtues of Independence5-6
    • § 5:7.2 : Other Limits on Liability5-6
  • § 5:8 : If the Mule Gets Out of the Barn5-7
    • § 5:8.1 : Forum-Selection5-7
    • § 5:8.2 : Counsel Fees5-8
  • § 5:9 : Some Final Advice5-8
Chapter 6: The Borrower: Identity; Capacity; and Authority; And Forms 6.1-6.5
  • § 6:1 : Introduction6-1
  • § 6:2 : Identity6-1
  • § 6:3 : Corporations6-2
  • § 6:4 : Partnerships and Limited Partnerships6-5
  • § 6:5 : Joint Ventures6-6
  • § 6:6 : Limited Liability Companies6-6
  • § 6:7 : Individuals6-7
  • § 6:8 : USA PATRIOT Act6-7
    • Form 6.1 : Certificate of Corporate Authorization for Borrowing6F1-1
    • Form 6.2 : Certificate of Corporate Authorization for Issuing Guaranty6F2-1
    • Form 6.3 : Partnership Credit Authorization6F3-1
    • Form 6.4 : Limited Liability Company Credit Authorization6F4-1
    • Form 6.5 : USA PATRIOT Act Identity Verification6F5-1
Chapter 7: Opinion of the Borrower's Counsel; And Forms 7.1-7.4
  • § 7:1 : Introduction7-1
  • § 7:2 : Scope, Qualifications, and Exclusions7-2
  • § 7:3 : The ABA Legal Opinion Accord7-4
  • § 7:4 : Security Interests and Mortgages7-5
  • § 7:5 : Conclusion7-5
    • Form 7.1 : Borrower’s Attorney’s Opinion Letter (short form)7F1-1
    • Form 7.2 : Borrower’s Counsel Opinion Letter (long form)7F2-1
    • Form 7.3 : Accord-Form Opinion7F3-1
    • Form 7.4 : Borrower’s Counsel Opinion Letter with Security Interest and Mortgage Provisions7F4-1
Chapter 8: The Loan Agreement; And Forms 8.1-8.2
  • § 8:1 : Introduction8-1
  • § 8:2 : Coverage of General Points8-2
  • § 8:3 : A Tour of the Loan Agreement8-2
  • § 8:4 : SBA and Other Agency-Guaranteed Loans8-33
    • Form 8.1 : Loan Agreement8F1-1
    • Form 8.2 : Covenant Compliance Certificate8F2-1
Chapter 9: The Promissory Note; And Forms 9.1-9.4
  • § 9:1 : Introduction9-1
  • § 9:2 : Who Owes?9-3
  • § 9:3 : How Much?9-5
  • § 9:4 : To Whom?9-5
  • § 9:5 : Repaid How and When?9-5
  • § 9:6 : Interest9-6
  • § 9:7 : Compensating Balance9-12
  • § 9:8 : Automatic Debit9-13
  • § 9:9 : Usury9-13
  • § 9:10 : Prepayment9-14
  • § 9:11 : Defaults9-16
  • § 9:12 : Other Matters9-17
    • Form 9.1 : Promissory Note9F1-1
    • Form 9.2 : Term Loan Promissory Note9F2-1
    • Form 9.3 : Promissory Note Tied to Loan Agreement9F3-1
    • Form 9.4 : Revolving Line of Credit Note Tied to Loan Agreement9F4-1
Chapter 10: The Security Agreement; And Forms 10.1-10.7
  • § 10:1 : The Basic Framework10-2
    • § 10:1.1 : Date10-3
    • § 10:1.2 : Names and Addresses10-3
    • § 10:1.3 : Grant of Security Interest10-4
    • § 10:1.4 : Description of Collateral10-4
      • [A] : The Things: Goods10-4
      • [B] : The Things: Fixtures10-6
      • [C] : The Things: Intangibles10-7
      • [D] : Proceeds10-10
      • [E] : Summary10-11
    • § 10:1.5 : Obligation Secured10-16
    • § 10:1.6 : Representations and Warranties10-19
    • § 10:1.7 : Covenants10-22
    • § 10:1.8 : Events of Default; Acceleration10-27
    • § 10:1.9 : Rights and Remedies10-28
    • § 10:1.10 : Housekeeping Provisions10-36
    • § 10:1.11 : Signatures10-36
  • § 10:2 : Accounts and Inventory Financing10-36
    • Form 10.1 : Commercial Security Agreement (Simple Printed Form)10F1-1
    • Form 10.2 : Security Agreement10F2-1
    • Form 10.3 : Security Agreement Tied to Loan Agreement10F3-1
    • Form 10.4 : Perfection Certificate (Entity Debtor)10F4-1
    • Form 10.5 : Perfection Certificate (Individual Debtor)10F5-1
    • Form 10.6 : Loan and Security Agreement (Accounts Receivable and Inventory Financing, with All Personal Property and Fixtures As Collateral)10F6-1
    • Form 10.7 : Borrowing Base Certificate10F7-1
Chapter 11: The Financing Statement; And Forms 11.1-11.8
  • § 11:1 : Introduction11-1
  • § 11:2 : Perfection11-2
  • § 11:3 : The Form in Detail11-4
    • § 11:3.1 : Debtor’s Name11-4
    • § 11:3.2 : Debtor’s Address11-6
    • § 11:3.3 : Additional Identifying Debtor Information11-7
    • § 11:3.4 : Secured Party’s Name and Address11-8
    • § 11:3.5 : Collateral Description11-8
  • § 11:4 : Authorization11-11
  • § 11:5 : Conclusion11-11
    • Form 11.1 : Financing Statement (UCC-1)11F1-1
    • Form 11.2 : Financing Statement (UCC-1) (with Printed Collateral Description)11F2-1
    • Form 11.3 : Financing Statement (UCC-1) (with Printed Collateral Description)11F3-1
    • Form 11.4 : Financing Statement (UCC-1) (with Collateral Description on Attached Sheet)11F4-1
    • Form 11.5 : Financing Statement Fixture Filing11F5-1
    • Form 11.6 : Financing Statement Fixture Filing (Alternate Version, Using UCC-1 Addendum)11F6-1
    • Form 11.7 : Authorization to File Financing Statements11F7-1
    • Form 11.8 : Financing Statement (UCC-1) (Individual Debtor)11F8-1
Chapter 12: Pledges; And Forms 12.1-12.7
  • § 12:1 : Introduction12-1
  • § 12:2 : Documenting the Pledge12-2
    • § 12:2.1 : The Pledge Agreement12-2
    • § 12:2.2 : Pledge by a Guarantor12-3
  • § 12:3 : Perfection12-3
    • § 12:3.1 : Tangible Collateral12-3
    • § 12:3.2 : Titled Goods12-4
    • § 12:3.3 : Securities12-4
    • § 12:3.4 : Closely-Held Entities12-5
  • § 12:4 : Book-Entry Securities and Investment Accounts12-5
  • § 12:5 : Maintaining Collateral Value12-7
    • Form 12.1 : Pledge Agreement12F1-1
    • Form 12.2 : Pledge Agreement12F2-1
    • Form 12.3 : Hypothecation Agreement12F3-1
    • Form 12.4 : Stock Power12F4-1
    • Form 12.5 : Securities Account Pledge Agreement12F5-1
    • Form 12.6 : UCC-1 Financing Statement (Securities Account)12F6-1
    • Form 12.7 : Control Agreement with Financial Intermediary12F7-1
Chapter 13: Landlord's Waiver; And Forms 13.1-13.3
  • § 13:1 : Introduction13-1
  • § 13:2 : The Importance of Getting a Landlord’s Waiver13-1
  • § 13:3 : Fixtures13-2
  • § 13:4 : Recording the Landlord’s Waiver13-2
  • § 13:5 : Dealing with Landlords13-2
  • § 13:6 : Leasehold Mortgage or Collateral Assignment of Lease13-4
    • Form 13.1 : Landlord’s Waiver13F1-1
    • Form 13.2 : Landlord’s Waiver13F2-1
    • Form 13.3 : Landlord’s Waiver, License and Agreement13F3-1
Chapter 14: Where to File; Where to Search; Notices; And Form 14.1
  • § 14:1 : Introduction14-1
  • § 14:2 : When to File14-1
  • § 14:3 : Debtor’s Location14-2
    • § 14:3.1 : Registered Organizations14-2
    • § 14:3.2 : All Other Debtors14-3
  • § 14:4 : Classification of Collateral14-4
  • § 14:5 : Where to Search14-4
  • § 14:6 : Inventory Purchase-Money Financing14-5
  • § 14:7 : Author’s Note14-5
    • Form 14.1 : Inventory Purchase-Money Security Interest Notice14F1–1
Chapter 15: Real Estate Collateral; And Forms 15.1-15.10
  • § 15:1 : Introduction15-2
  • § 15:2 : Future Advances15-2
    • § 15:2.1 : Equity Mortgages15-2
    • § 15:2.2 : Statutory Open-End Mortgages15-2
    • § 15:2.3 : Alternative Loan Structures15-3
  • § 15:3 : Mortgage on Individual’s Residence15-3
  • § 15:4 : Mortgage as Fixture Filing15-3
  • § 15:5 : Third Parties15-3
    • § 15:5.1 : Collateral Assignment of Leases and Rents15-3
    • § 15:5.2 : Attornment by Tenants15-4
    • § 15:5.3 : Collateral Assignment of a Mortgage15-5
  • § 15:6 : Construction Financing15-5
    • § 15:6.1 : Conditions on Loan Advances15-5
    • § 15:6.2 : Representations and Warranties15-8
    • § 15:6.3 : Covenants15-8
    • § 15:6.4 : Collateral15-11
      • [A] : Mortgage and Security Agreement15-11
      • [B] : Assignment of Permits and Key Contracts15-11
    • § 15:6.5 : Remedies15-11
    • § 15:6.6 : Sale of Individual Units15-14
  • § 15:7 : Planning Ahead15-15
    • Form 15.1 : Collateral Assignment of Leases and Rents15F1-1
    • Form 15.2 : UCC-1 for Use in Connection with Form 15.115F2-1
    • Form 15.3 : Tenant Estoppel Letter15F3-1
    • Form 15.4 : Non-Disturbance, Attornment and Subordination Agreement15F4-1
    • Form 15.5 : Construction Loan Agreement15F5-1
    • Form 15.6 : Collateral Assignment of Contracts, Plans, Licenses, Permits, and Approvals15F6-1
    • Form 15.7 : UCC-1 for Use in Connection with Form 15.615F7-1
    • Form 15.8 : Engineer’s Certification15F8-1
    • Form 15.9 : Contractor’s Acknowledgment and Agreement15F9-1
    • Form 15.10 : Architect’s Acknowledgment and Agreement15F10-1
Chapter 16: Special Forms of Collateral; And Forms 16.1-16.19
  • § 16:1 : Introduction16-2
  • § 16:2 : Transportation Equipment16-3
    • § 16:2.1 : Motor Vehicles16-3
      • [A] : Equipment16-3
      • [B] : Inventory16-4
    • § 16:2.2 : Vessels16-4
      • [A] : State Law Registered Vessels16-5
      • [B] : Federally Registered Vessels16-5
      • [C] : New Vessel Construction16-5
    • § 16:2.3 : Trains16-6
    • § 16:2.4 : Aircraft16-6
  • § 16:3 : Government Licenses and Permits16-7
  • § 16:4 : Leases of Real Estate16-7
    • § 16:4.1 : Authority to Mortgage Lease16-8
    • § 16:4.2 : Notice and Right to Cure16-8
    • § 16:4.3 : Other Useful Terms16-8
    • § 16:4.4 : New Lease16-9
  • § 16:5 : Intellectual Property16-9
  • § 16:6 : Ownership Interests in Unincorporated Entities16-10
  • § 16:7 : Letters of Credit as Collateral16-11
  • § 16:8 : Deposit Accounts16-13
  • § 16:9 : Financing Government Contractors16-14
  • § 16:10 : Tax Refunds16-14
    • Form 16.1 : Preferred Ship Mortgage16F1-1
    • Form 16.2 : Rolling Stock Memorandum of Security Agreement and Cover Letter to Surface Transportation Board16F2-1
    • Form 16.3 : Aircraft Security Agreement16F3-1
    • Form 16.4 : Liquor License Power of Attorney16F4-1
    • Form 16.5 : Landlord’s Consent to Mortgage of Lease16F5-1
    • Form 16.6 : Patent Collateral Assignment and Security Agreement16F6-1
    • Form 16.7 : Pledge Agreement for LLC Membership Interest16F7-1
    • Form 16.8 : LLC Membership Interest Control Agreement16F8-1
    • Form 16.9 : Collateral Assignment of Partnership Distributions and Security Agreement16F9-1
    • Form 16.10 : Letter Agreement for Assigning the Right to Proceeds Under a Letter of Credit16F10-1
    • Form 16.11 : Deposit Account Control Agreement16F11-1
    • Form 16.12 : IRS Form 284816F12-1
    • Form 16.13 : Treasury Department Form 23416F13-1
    • Form 16.14 : Treasury Department Form 23516F14-1
    • Form 16.15 : Treasury Department Form 23116F15-1
    • Form 16.16 : IRS Form 805016F16-1
    • Form 16.17 : IRS Form 8453-C16F17-1
    • Form 16.18 : IRS Form 8453-S16F18-1
    • Form 16.19 : IRS Form 830216F19-1
Chapter 17: Guaranties; And Forms 17.1-17.5
  • § 17:1 : Introduction17-1
  • § 17:2 : Parties17-4
  • § 17:3 : Consideration and Authority17-4
  • § 17:4 : Obligations17-7
  • § 17:5 : Default17-9
  • § 17:6 : Waiver of Defenses17-11
  • § 17:7 : Limitation of Liability17-14
  • § 17:8 : Security17-19
  • § 17:9 : Guarantor’s Covenants and Waivers17-21
    • Form 17.1 : Guaranty (Printed Bank Form)17F1-1
    • Form 17.2 : Unconditional Guaranty (SBA Form 148)17F2-1
    • Form 17.3 : Limited Guaranty (SBA Form 148L)17F3-1
    • Form 17.4 : Continuing Guaranty17F4-1
    • Form 17.5 : Unconditional and Continuing Guaranty17F5-1
Chapter 18: Subordination Agreements; And Forms 18.1-18.4
  • § 18:1 : Introduction18-1
  • § 18:2 : Types of Subordination18-1
  • § 18:3 : Insider Debt18-2
  • § 18:4 : Other Non-Institutional Debt18-8
    • Form 18.1 : Subordination and Pledge Agreement18F1-1
    • Form 18.2 : Subordination Agreement18F2-1
    • Form 18.3 : Standby Agreement (U.S. Small Business Administration)18F3-1
    • Form 18.4 : Subordination Agreement with Non-Insider Creditor18F4-1
Chapter 19: Intercreditor Agreements; And Forms 19.1-19.8
  • § 19:1 : Introduction19-2
  • § 19:2 : Key Issues19-3
    • § 19:2.1 : Lien Priorities and Debt Priorities19-4
    • § 19:2.2 : Limits on the Senior Lender’s Claim19-5
    • § 19:2.3 : Proceeds19-5
    • § 19:2.4 : The Lenders’ Relationships with the Borrower and Each Other19-6
    • § 19:2.5 : Modifications19-6
    • § 19:2.6 : Third Parties19-7
    • § 19:2.7 : Remedies19-8
    • § 19:2.8 : Insolvency Proceedings19-9
    • § 19:2.9 : Duration of the Agreement19-10
  • § 19:3 : Where the Borrower Fits In19-11
  • § 19:4 : Intercreditor Agreements with Factors19-11
  • § 19:5 : Financing In-Transit Inventory19-12
  • § 19:6 : Conclusion19-13
    • Form 19.1 : Intercreditor Agreement19F1–1
    • Form 19.2 : Intercreditor Agreement—SBA Section 504 Transaction19F2–1
    • Form 19.3 : Intercreditor Agreement with Vendor19F3–1
    • Form 19.4 : Intercreditor Agreement19F4–1
    • Form 19.5 : Intercreditor Agreement19F5–1
    • Form 19.6 : Assignment of Factoring Proceeds19F6–1
    • Form 19.7 : Vendor Letter19F7–1
    • Form 19.8 : Inventory Agreement19F8–1
Chapter 20: Insurance; And Forms 20.1-20.6
  • § 20:1 : Introduction20-1
  • § 20:2 : Hazard Insurance20-2
    • § 20:2.1 : Evidence of Property Insurance20-2
    • § 20:2.2 : Personal Property20-4
    • § 20:2.3 : Real Property20-4
    • § 20:2.4 : Builder’s Risk Insurance20-8
  • § 20:3 : Liability Insurance20-9
  • § 20:4 : Life Insurance20-10
    • § 20:4.1 : Owner20-11
    • § 20:4.2 : Beneficiary20-11
    • § 20:4.3 : Amount20-12
  • § 20:5 : Insurance Premium Financing20-12
    • Form 20.1 : Evidence of Property Insurance–ACORD 27 (2004/04)20F1-1
    • Form 20.2 : Evidence of Property Insurance–ACORD 28 (2003/10)20F2-1
    • Form 20.3 : Evidence of Property Insurance–ACORD 27 (2009/12)20F3-1
    • Form 20.4 : Evidence of Property Insurance–ACORD 28 (2009/12)20F4-1
    • Form 20.5 : Assignment of Life Insurance Policy As Collateral20F5-1
    • Form 20.6 : Life Insurance Assignment Questionnaire20F6-1
Chapter 21: Environmental Concerns; And Form 21.1
  • § 21:1 : Introduction21-1
  • § 21:2 : Alternative Approaches21-1
  • § 21:3 : A Free-Standing Indemnity21-4
  • § 21:4 : A Brief Guided Tour of the Indemnity Agreement21-4
    • § 21:4.1 : Definitions21-4
    • § 21:4.2 : Representations and Warranties21-8
    • § 21:4.3 : The Indemnity Itself21-10
    • § 21:4.4 : Other Covenants21-13
    • § 21:4.5 : Giving the Indemnitors a Chance to Fix the Problem on Their Own21-14
    • § 21:4.6 : More Lender Protections21-17
    • § 21:4.7 : The Rest of the Agreement21-20
    • Form 21.1 : Hazardous Substances Indemnification Agreement21F1-1
Chapter 22: Opinion Letter to the Lender; And Form 22.1
  • § 22:1 : Introduction22-1
  • § 22:2 : Essential Points to Address22-1
  • § 22:3 : Mortgages and Security Interests Generally22-2
  • § 22:4 : Other Qualifications22-2
    • Form 22.1 : Lender’s Attorney’s Opinion Letter22F1-1
Chapter 23: Processing the Paperwork
  • § 23:1 : Introduction23-1
  • § 23:2 : Opening the File23-1
  • § 23:3 : Pre-Closing23-2
  • § 23:4 : At Closing23-3
  • § 23:5 : Post-Closing23-4
Chapter 24: Post-Closing Changes; And Forms 24.1-24.4
  • § 24:1 : Introduction24-1
  • § 24:2 : Changes in the Debtor24-2
    • § 24:2.1 : The Debtor Changes Its Name24-2
    • § 24:2.2 : The Debtor Changes Its Location24-3
    • § 24:2.3 : The “New Debtor” Problem24-3
    • § 24:2.4 : Other Transferees of Collateral Outside the Ordinary Course of Business24-4
    • § 24:2.5 : Buyers in the Ordinary Course24-5
  • § 24:3 : Moving Collateral24-5
  • § 24:4 : Effect of the 2010 Amendments to Article 924-5
  • § 24:5 : Summary of Deadlines24-6
  • § 24:6 : Getting the Most Out of Grace Periods24-8
  • § 24:7 : A Modest Proposal24-8
  • § 24:8 : Changes in the Deal24-9
    • § 24:8.1 : Amendments and Modifications24-9
    • § 24:8.2 : Avoiding Unintended Consequences24-11
    • Form 24.1 : Amendment to Loan Documents (with Amended and Restated Line of Credit Note and Amendment to Term Note As Exhibits)24F1-1
    • Form 24.2 : Financing Statement (UCC-1)24F2-1
    • Form 24.3 : Loan Modification Agreement24F3-1
    • Form 24.4 : Guarantor’s Consent and Reaffirmation24F4-1
Chapter 25: Workouts and Forbearance Agreements; And Forms 25.1-25.4
  • § 25:1 : Introduction25-1
  • § 25:2 : Sample Forbearance Agreement25-2
    • § 25:2.1 : Definitions, Etc.25-4
    • § 25:2.2 : The Forbearance Itself25-8
    • § 25:2.3 : Conditions Precedent25-10
    • § 25:2.4 : Reps and Warranties25-12
    • § 25:2.5 : Covenants25-14
    • § 25:2.6 : Amendments to Loan Documents25-18
    • § 25:2.7 : Reaffirmations, Consents and Waivers25-18
    • § 25:2.8 : Collateral25-20
    • § 25:2.9 : General Release25-23
    • § 25:2.10 : Clean-up Provisions25-24
  • § 25:3 : Pre-Workout Considerations25-28
    • Form 25.1 : Forbearance Agreement25F1-1
    • Form 25.2 : Forbearance Agreement25F2-1
    • Form 25.3 : Reservation of Rights Letter25F3-1
    • Form 25.4 : Pre-Workout Letter Agreement25F4-1
Chapter 26: Debtor-in-Possession Financing and Use of Cash Collateral; And Forms 26.1-26.5
  • § 26:1 : Introduction26-1
  • § 26:2 : Groundwork26-2
  • § 26:3 : The Financing Order Itself26-3
    • § 26:3.1 : Findings of Fact26-3
    • § 26:3.2 : Loan Terms26-4
    • § 26:3.3 : Collateral26-4
    • § 26:3.4 : Scream or Die26-5
    • § 26:3.5 : Surcharges and Carve-outs26-6
    • § 26:3.6 : Management and Control Issues26-6
    • § 26:3.7 : Guarantors and Third Parties26-6
    • § 26:3.8 : Remedies26-7
    • § 26:3.9 : Final Orders26-7
  • § 26:4 : Use of Cash Collateral26-8
    • Form 26.1 : Motion for Approval of Debtor-in-Possession Financing26F1-1
    • Form 26.2 : Interim Order Approving Debtor-in-Possession Financing26F2-1
    • Form 26.3 : Debtor-in-Possession Credit and Security Agreement26F3-1
    • Form 26.4 : Motion for Authority to Use Cash Collateral26F4-1
    • Form 26.5 : Interim Order for Use of Cash Collateral26F5-1
Chapter 27: The Drafter's Guide to the 2010 Amendments to Article 9; And Forms 27.1-27.2
  • § 27:1 : Introduction27-1
  • § 27:2 : The Financing Statement27-2
    • § 27:2.1 : Individual Debtor Names27-2
    • § 27:2.2 : Registered Organization Name27-3
    • § 27:2.3 : Collateral Held In Trust27-3
    • § 27:2.4 : Decedents’ Estates27-4
    • § 27:2.5 : Additional Debtor Information27-4
    • § 27:2.6 : Transmitting Utilities27-5
  • § 27:3 : Massachusetts-Type Business Trusts27-5
  • § 27:4 : Control of Electronic Chattel Paper27-6
  • § 27:5 : Post-Closing Changes27-6
  • § 27:6 : Transition Rules27-7
    • § 27:6.1 : Grace Periods27-7
    • § 27:6.2 : “In Lieu” Financing Statements27-8
    • § 27:6.3 : What to Do Now—Filing Issues27-10
    • § 27:6.4 : File (and Search) Now, or Pay Later27-10
    • § 27:6.5 : Terminating Prior Security Interests27-11
    • § 27:6.6 : Repairing Old Filings27-12
    • Form 27.1 : Financing Statement—As Finalized in 2011 (Blank Form)27F1-1
    • Form 27.2 : Initial Financing Statement In Lieu of Continuation Statement27F2-1
Chapter 28: Index to Hillman on Commercial Loan Documentation

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