Control Agreement (Mezzanine Loan) | Practical Law

Control Agreement (Mezzanine Loan) | Practical Law

A Standard Document used in mezzanine loan transactions collateralized by a pledge of LLC membership interests that are in the form of uncertificated securities. This Standard Document outlines the creation and perfection of liens on uncertificated securities and the desirability of mezzanine lenders attaining perfection by control to achieve protected purchaser status. This Standard Document has integrated notes with important drafting and negotiating tips all parties.

Control Agreement (Mezzanine Loan)

Practical Law Standard Document w-006-9041 (Approx. 15 pages)

Control Agreement (Mezzanine Loan)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Standard Document used in mezzanine loan transactions collateralized by a pledge of LLC membership interests that are in the form of uncertificated securities. This Standard Document outlines the creation and perfection of liens on uncertificated securities and the desirability of mezzanine lenders attaining perfection by control to achieve protected purchaser status. This Standard Document has integrated notes with important drafting and negotiating tips all parties.