This practice note discusses the security documentation and filings that might be completed in connection with a subscription-secured finance facility. While a perfected security interest under the Uniform Commercial Code will be the most important element of a Lender’s security, Lenders should be aware that additional diligence and contractual rights can help bolster their position in the event that they need to pursue remedies against the collateral.
Excerpted from Lexis Practice Advisor. To read the full article, click here.
