This chapter explores the importance of including specific provisions in loan documents related to subordination and pro-rata sharing. It highlights the need for explicit statements in the document to ensure certain rights are upheld, and emphasizes the distinction between subordination and the release of liens and guarantees. The chapter also discusses pro-rata sharing provisions and emphasizes the need for investors to be aware of these provisions when investing in a new deal.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode