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Lenders and their attorneys need to keep up-to-date with changes in the Uniform Commercial Code, especially newly revised Article 9 and Article 5, to avoid legal risk associated with making and drafting commercial loan agreements.
Structuring and Drafting Commercial Loan Agreements has been used by thousands of attorneys, borrowers, and lenders for optimal negotiation and structuring of commercial loans. Expert analysis, guidance, and sample clauses and documents make agreement drafting easier. This practical treatise discusses each change under the UCC and other laws. A special section includes many "before and after" comparisons indicating how issues were handled before and after the effective date of a UCC revision. It also discusses the current laws, regulations, and policy statements in the context in which they arise during these transactions. The manual also addresses practical aspects of electronic commerce, letters of credit, and selling a participation or loan.
Structuring and Drafting Commercial Loan Agreements provides lenders, borrowers, and their attorneys with:
Sandra Schnitzer Stern is a partner in the New York law firm of Nordquist & Stern PLLC. Ms. Stern is one of the leading experts of commercial lending law, having served on the drafting committees to revise both UCC Article 9 (Secured Transactions) and Article 5 (Letters of Credit). Ms. Stern was appointed by the Commissioner of Uniform State Laws in 1992.
Prior to her current practice, Ms. Stern served as Senior Vice President and General Counsel of Banco Santander from 1993 through 1995 after leaving Republic National Bank of New York, where she was Deputy General Counsel. She is a fellow at the American College of Commercial Finance Lawyers, and Secretary of the Business Law Section of the New York State Bar Association. See all works by Ms. Stern