ÿþ<title>Negotiating & Drafting Commercial Credit Agreements - Schedule and Faculty</title>

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Schedule and Faculty</font></p>

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		<i>

		<font face="Arial" size="2">Schedule times listed below are for the live 

		seminar. Times for replays may differ due to varied start times and abbreviated lunch and break periods. 

		Please refer to the </font></i><b>

		<font face="Arial" style="font-size: 9pt">DATES/LOCATION</font></b><i><font face="Arial" size="2"> 

		tab for individual replay start times.</font></i></p>

		<span LANG="EN">

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		<font face="Arial" size="2">8:30   9:00 a.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">CHECK-IN &amp; CONTINENTAL BREAKFAST</font></p>

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		<font face="Arial" size="2">9:00   9:15 a.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">Welcome</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Why bother with credit agreements; 

			variants: term/revolving; size; collateral; syndications; how 

			customized should a credit agreement be; lender vs. borrower 

			perspectives.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  Peter L. Harris &amp; James M. Pfau, 

			Course Co-Chairs</font></i></p>

		</blockquote>

		<p style="margin-top: 0; margin-bottom: 3px">

		<font face="Arial" size="2">9:15   10:15 a.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">Mechanics and Pricing</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">What is LIBOR?, evolution of &quot;daily 

			LIBOR&quot; component in base rate loans; swing line loans; letter of 

			credit provisions; yield protection, capital adequacy, etc.; 

			Adelphia; interest rate hedges.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  Michael R. Holden &amp; Peter T. Nelson</font></i></p>

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		<font face="Arial" size="2">10:15   10:30 a.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">BREAK</font></p>

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		<font face="Arial" size="2">10:30   11:15 a.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">Asset-Based Lending Provisions</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Borrowing bases; lock box/controlled 

			disbursement; special collateral problems (deposit accounts, motor 

			vehicles, aircraft, ships, intellectual property, foreign 

			collateral); collateral access; IRC 956 problems.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  Lynn M. Gardin &amp; Carrie L. Seele</font></i></p>

		</blockquote>

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		<font face="Arial" size="2">11:15 a.m.   12:00 p.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">Conditions, Representations and 

			Non-Financial Covenants</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">IP covenants; MAC/materiality 

			qualifiers; solvency representations; permitted acquisitions.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  David Chalfant </font></i></p>

		</blockquote>

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		<font face="Arial" size="2">12:00   1:00 p.m.</font></p>

		<blockquote>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">LUNCH (on your own)</font></p>

		</blockquote>

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		<font face="Arial" size="2">1:00   1:50 p.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">We Mean Business: Financial Covenants</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Defining EBITDA; &quot;covenant-lite&quot; 

			transactions; rolling vs. annualized vs. year-to-date covenants; 

			debt/lien/investment baskets.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  David B. Clark </font></i></p>

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		<font face="Arial" size="2">1:50   2:20 p.m.</font></p>

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			<font face="Arial" size="2">Defaults</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Grace periods; cross-defaults; baskets.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  Christopher M. Scotti &amp; Mark H. 

			Tranovich</font></i></p>

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		<font face="Arial" size="2">2:20   2:30 p.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">BREAK</font></p>

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		<font face="Arial" size="2">2:30   3:10 p.m.</font></p>

		<blockquote>

			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">Going Big Time: Syndicating the Credit</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Amendments; assignments and 

			participations; role of the LSTA terms; GMFS and other 363 cases; 

			implications for amendment provisions generally.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  James M. Pfau &amp; Erin A. Phillips</font></i></p>

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		<font face="Arial" size="2">3:10   3:30 p.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">So-Called &quot;Boilerplate&quot;: Not as Dead as 

			You Think</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Governing law; choice of forum; 

			expenses; indemnification; arbitration clauses; confidentiality.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  Peter L. Harris &amp; Rebecca Malloy

			</font></i></p>

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		<font face="Arial" size="2">3:30   4:00 p.m.</font></p>

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			<p style="margin-top: 0; margin-bottom: 3px"><b>

			<font face="Arial" size="2">Managing the Closing and Payoff</font></b></p>

			<p style="margin-top: 0; margin-bottom: 3px">

			<font face="Arial" size="2">Dealing with outstanding letters of 

			credit; bank funding requirements; third-party deliveries.</font></p>

			<p style="margin-top: 0; margin-bottom: 3px"><i>

			<font face="Arial" size="2">  Peter L. Harris &amp; Cassandra H.M. 

			Headrick</font></i></p>

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