bond-basics

Lender’s Counsel

An attorney or firm of attorneys engaged to represent the Lender in a Private Placement.

Responsibilities of Lender’s Counsel include reviewing transaction documents, advising the Lender on the applicability of federal and state securities laws, drafting continuing covenant agreements, if applicable, and ensuring compliance with the Lender’s internal policies and procedures.

Life’s a Party

Learn more about the various parties involved in a municipal securities transaction and their roles.


See Also

Lender

The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.

Hudson Yards Rail Yards

Start with the Bond Basics

Flow of Funds

A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an indenture or a bond resolution and may also refer to a document prepared by an underwriter or municipal advisor to show the sources and deposits at the closing.