Are the termination provisions in the control agreement acceptable to the Lender?
UCC, Reduce Financial Risk
We're talking control agreements this week with attorney Bennett Cohen. We're midway through an eight part series on this topic, so if you need a refresher please check out our previous posts:
Examining Issues with Control Agreements for Pledged Securities Accounts
Is there adequate "control" language in the control agreement?
Has the Broker subordinated its statutory first priority security interest in the Securities Account to…READ MORE
Examining Issues with Control Agreements for Pledged Securities Accounts
UCC, Due Diligence, Revised Article 9
We are pleased to welcome back attorney Bennett Cohen of Illinois law firm Cohen, Salk and Huvard, P.C. as a guest blogger! Over the next few weeks, Mr. Cohen will share his expertise on the topic of control agreements for pledged securities accounts.
Examining Issues with Control Agreements for Pledged Securities Accounts - Introduction
Control agreements for pledged securities accounts come in all shapes and sizes, and it is…READ MORE
Is there adequate “control” language in the control agreement?
UCC, Due Diligence, Revised Article 9
We continue our examination of control agreements for pledged securities accounts with guest blogger Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. For more background on control agreements, see our introductory post here.
Is there adequate "control" language in the control agreement?
Some control agreements we reviewed failed to contain the necessary language required for the Lender to be deemed in "control" of the…READ MORE
