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Due Diligence for Commercial Purchase and Financing Transactions in Connecticut

May 21, 2003

May 21, 2003

This one-day seminar is designed for attorneys, presidents, vice presidents, loan officers, controllers, accountants, credit and collection officers, commercial real estate owners and brokers, developers and mortgage brokers.

This seminar will be presented by Shellie D. Rosan, James C. Schulwolf, Moderator, and John E. Wertam.

8:30 a.m. - 8:45 a.m.

I. Overview

8:45 a.m. - 9:15 a.m.

II. Purchase And Sale Agreements

9:15 a.m. - 10:15 a.m.

III. Commitment Letters, Loan Agreements And Mortgages

A. Commitment Letters

1. Commitment Letters vs. Term Sheet

2. Terms To Be Included In The Commitment

3. Open-End Mortgage Deed And Security Agreement

4. Loan Commitment

B. Loan Agreements

1. Loan Agreement As Governing Document

2. When Are Loan Agreements Used?

3. Typical Loan Agreement Terms

4. Construction Loans

5. Lender's Rights In Default

6. How Will The Loan Be Repaid?

C. Mortgages

1. The Commercial Mortgage

2. Leasehold Mortgages

10:15 a.m. - 10:25 a.m.


10:25 a.m. - 11:10 a.m.

IV. Interest Rate Swaps

A. Overview

B. Basic Swap Documentation

C. Loan Documentation

D. Termination Of Swap

E. Separation Of Loan And Swap

F. Special Bankruptcy Provisions

11:10 a.m. - 12:10 p.m.

V. Other Loan Documents

12:10 p.m. - 1:10 p.m.

Lunch (On Your Own)

1:10 p.m. - 2:10 p.m.

VI. Zoning And Title Matters

VII. Environmental Matters

2:10 p.m. - 3:10 p.m.

VIII. Construction Lending

3:10 p.m. - 3:20 p.m.


3:20 p.m. - 4:30 p.m.

IX. Workouts And Other Post-Default Documentation

A. Overview

B. Pre-Workout Agreements

C. Forbearance Agreements

D. Workout And Restructure Agreements

E. Specific Issues And Provisions

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