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Banking - Security - Finance
Bank facility letters and loan agreements
- repayment provisions
- banking covenants
Debentures and fixed securities
- including chattel mortgages, assignments
Debt and asset finance arrangements
Inter-creditor agreements
- defines priorities between two or more secured lenders
- regulates enforcement rights and control of recovery process
Personal/Inter-company guarantees
- can be difficult to enforce if not taken properly
- corporate authority to give guarantees
- can be supported by third party security