CANADA
Greenland
Law and Practice Contributed by: Scott Hyman, Anthony Spadaro and David Wilson Davies Ward Phillips & Vineberg LLP
Canada
Ottawa
USA
Contents 1. Market p.89 1.1 Major Lender-Side Players p.89 1.2 Corporates and LBOs p.89
2. Documentation p.89 2.1 Governing Law p.89 2.2 Use of Loan Market Association (LMA) Agreements or Other Standard Loans p.93 2.3 Language p.93 2.4 Opinions p.94 3. Structures p.94 3.1 Senior Loans p.94 3.2 Mezzanine/Payment-in-Kind (PIK) Loans p.95 3.3 Bridge Loans p.95 3.4 Bonds/High-Yield Bonds p.95 3.5 Private Placements/Loan Notes p.96 3.6 Asset-Based Financing p.96 4. Intercreditor Agreements p.96
4.1 Typical Elements p.96 4.2 Bank/Bond Deals p.97 4.3 Role of Hedge Counterparties p.97 5. Security p.98 5.1 Types of Security Commonly Used p.98 5.2 Form Requirements p.98 5.3 Registration Process p.99 5.4 Restrictions on Upstream Security p.100 5.5 Financial Assistance p.100 5.6 Other Restrictions p.101 5.7 General Principles of Enforcement p.102 6. Guarantees p.102 6.1 Types of Guarantees p.102 6.2 Restrictions p.103 6.3 Requirement for Guarantee Fees p.103
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