Drafting Equity Pledge Agreements in Partnerships and LLCs: Strategies to Maximize Lender Protection

Session I – Maximizing Lender Protection in Equity Pledge Agreements: Drafting, Amendments, and UCC Articles 8 and 9 Compliance – Edward Smith and Steven O. Weise The faculty will discuss security interests in directly-held equity interests, whether shares of stock in a corporation, partnership interests (general and limited), or limited liability company member interests. The discussion will include how to describe the collateral in the security agreement, methods of perfection, ensuring the priority of the security interest, and enforcement techniques. The discussion will also cover overcoming anti-assignment restrictions, common mistakes, secured party voting rights, series issues, and choice-of-law issues. Key…