An Amended and Restated Loan & Security Agreement Should Expressly So State If It Is Not Intended As a NovationMarch 4th, 2024
FiledMarch 4th, 2024This case is noteworthy because the Amended Loan Agreement at issue contained provisions commonly used by many lenders. The practical takeaway is that an amended and restated agreement should expressly state the intent of the parties that the security interest and liens in the collateral under the original security agreement continue in full force and effect and that the amended and restated agreement is not intended to be a novation.
An Amended and Restated Loan & Security Agreement Should Expressly So State If It Is Not Intended As a NovationOctober 1st, 2021
FiledOctober 1st, 2021This case is noteworthy because the Amended Loan Agreement at issue contained provisions commonly used by many lenders. The practical takeaway is that an amended and restated agreement should expressly state the intent of the parties that the security interest and liens in the collateral under the original security agreement continue in full force and effect and that the amended and restated agreement is not intended to be a novation.
An Amended and Restated Loan & Security Agreement Should Expressly So State If It Is Not Intended As a NovationOctober 1st, 2021
FiledOctober 1st, 2021This case is noteworthy because the Amended Loan Agreement at issue contained provisions commonly used by many lenders. The practical takeaway is that an amended and restated agreement should expressly state the intent of the parties that the security interest and liens in the collateral under the original security agreement continue in full force and effect and that the amended and restated agreement is not intended to be a novation.
An Amended and Restated Loan & Security Agreement Should Expressly So State If It Is Not Intended As a NovationOctober 1st, 2021
FiledOctober 1st, 2021This case is noteworthy because the Amended Loan Agreement at issue contained provisions commonly used by many lenders. The practical takeaway is that an amended and restated agreement should expressly state the intent of the parties that the security interest and liens in the collateral under the original security agreement continue in full force and effect and that the amended and restated agreement is not intended to be a novation.
An Amended and Restated Loan & Security Agreement Should Expressly So State If It Is Not Intended As a NovationOctober 1st, 2021
FiledOctober 1st, 2021This case is noteworthy because the Amended Loan Agreement at issue contained provisions commonly used by many lenders. The practical takeaway is that an amended and restated agreement should expressly state the intent of the parties that the security interest and liens in the collateral under the original security agreement continue in full force and effect and that the amended and restated agreement is not intended to be a novation.
An Amended and Restated Loan & Security Agreement Should Expressly So State If It Is Not Intended As a NovationAugust 3rd, 2020
FiledAugust 3rd, 2020This case is noteworthy because the Amended Loan Agreement at issue contained provisions commonly used by many lenders. The practical takeaway is that an amended and restated agreement should expressly state the intent of the parties that the security interest and liens in the collateral under the original security agreement continue in full force and effect and that the amended and restated agreement is not intended to be a novation.