BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20200512T150000Z DTEND:20200512T160000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Financial Services Roundtable: Lender Liability DESCRIPTION:Strapped for cash and finding themselves in loan default\, many borrowers are asking their lenders to forbear\, or extend further credit\, and often both. Lenders want to do the right thing\, while maintaining flexibility and insulating themselves from further risk. What to do?\n\nIn the context of working out distressed loans\, lenders need to understand the rights and remedies set forth in their loan documents and to act commercially reasonably with their customers. A lender's agreement to forbear from exercising remedies will require the borrower to meet operational and transactional milestones. As lenders mull restructuring proposals and decide whether to act (or refrain from acting)\, they should be mindful of actions that may violate their duty to act commercially reasonably and of potential lender liability.\n\nOn this Worcester Regional Chamber of Commerce Financial Services Roundtable webinar\, Mark Powers and David Mawhinney\, attorneys at Bowditch\, will discuss basic loan work-out strategy and some of the more common lender liability theories. X-ALT-DESC;FMTTYPE=text/html:

\nStrapped for cash and finding themselves in loan default\, many borrowers are asking their lenders to forbear\, or extend further credit\, and often both.  \;Lenders want to do the right thing\, while maintaining flexibility and insulating themselves from further risk. \; What to do?
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In the context of working out distressed loans\, lenders need to understand the rights and remedies set forth in their loan documents and to act commercially reasonably with their customers. \; A lender&rsquo\;s agreement to forbear from exercising remedies will require the borrower to meet operational and transactional milestones. \; As lenders mull restructuring proposals and decide whether to act (or refrain from acting)\, they should be mindful of actions that may violate their duty to act commercially reasonably and of potential lender liability.
\n\n
On this \;Worcester Regional Chamber of Commerce \;Financial Services Roundtable webinar\, Mark Powers and David Mawhinney\, attorneys at Bowditch\, will discuss basic loan work-out strategy and some of the more common lender liability theories.
\n LOCATION:Webinar login information will be shared with registered attendees. UID:e.2083.12097 SEQUENCE:3 DTSTAMP:20260408T023655Z URL:https://business.worcesterchamber.org/events/details/financial-services-roundtable-lender-liability-12097 END:VEVENT END:VCALENDAR