Tony Williams,  Loan Technologist

The agent typically negotiates with the borrower on behalf of the syndicate banks.

 

Loan covenants are negotiated that monitor the financial and business conditions. The agent bank must co-ordinate with in-house and outside counsel for all syndicate members and the borrower.

 

The agent bank is responsible for the coordination of in-house and outside counsel of the bank, the borrower, as well as address any concerns of the legal teams of the syndicate members.