{"product_id":"how-conditions-and-covenants-strengthen-loan-structure-copy","title":"How Conditions and Covenants Strengthen Loan Structure","description":"\u003cp data-olk-copy-source=\"MessageBody\" class=\"x_MsoNormal\"\u003eConditions and covenants protect the bank’s repayment sources.  For example, typical conditions include adequate and sufficient insurance coverages to protect the borrower’s earning assets, borrower certification that its taxes are current, assets are in good working order, etc.  Covenants often require minimum working capital and prohibit excessive leverage.\u003cspan\u003e \u003c\/span\u003eHow many covenants are too many?  This webinar offers an answer to that question, and the answer begins with as few as possible as long as they provide an effective lockdown of the financial statements.  Further, a bank’s standard loan agreements should contain sufficient and adequate conditions to protect the bank, and the bank’s standard documentation should offer several options for covenants. \u003cspan\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cb\u003e\u003cu\u003eTopics covered in this session\u003c\/u\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli class=\"x_MsoNormal\"\u003eDefinition and examples of Conditions and Covenants\u003cspan\u003e\u003c\/span\u003e\n\u003cul\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eNegative and affirmative\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eQuantitative and qualitative\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"x_MsoNormal\"\u003eFundamental mechanics of covenants\n\u003cul\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eTime, quality, quantity and terms\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli class=\"x_MsoNormal\"\u003eHow to use covenants to put horizontal and vertical locks on balance sheet\u003c\/li\u003e\n\u003cli class=\"x_MsoNormal\"\u003eAdministrative issues\n\u003cul\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eMonitoring covenant compliance\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eResolving covenant breaches\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eAppropriate policy, process and procedure\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e*This program does NOT qualify, nor meet the National Standard for NASBA accreditation. \u003c\/p\u003e","brand":"BankersHub","offers":[{"title":"Default Title","offer_id":46322963021999,"sku":"ODC1027251","price":299.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0646\/2894\/9167\/files\/HowConditionsandCovenantsStrengthenLoanStructure.png?v=1758137619","url":"https:\/\/www.bankershub.com\/products\/how-conditions-and-covenants-strengthen-loan-structure-copy","provider":"BankersHub","version":"1.0","type":"link"}