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Jenner & Block Partners Donald S. Horvath and Carter H. Klein and Associate Penelope P. Campbell will discuss the use of letters of intent, letters of credit, and subordination, non-disturbance and attornment agreements (SNDAs) in leasing transactions during a live CLE webinar sponsored by Lorman Education Services. The webinar will explore the key terms that should be set forth in a letter of intent and best practices in writing a letter of intent that facilitates the negotiation of the lease. The webinar will also examine how and when to use letters of credit, the benefits and pitfalls of doing so and how to troubleshoot certain letter of credit problems. Additionally, thewebinar will explain what an SNDA is, why a lender may be concerned with the terms of a lease (including the relative priority of leases and loan documents), why a tenant is wise to negotiate an SNDA with care, and key concepts to keep in mind when representing either a lender or a tenant in the negotiation of an SNDA. It will be held on April 13, 2016.
Mr. Horvath has an extensive real estate and construction practice that includes representing real estate owners and users in office, industrial and retail leasing transactions. He also counsels owners and developers in all facets of the real estate development process including the preparation and negotiation of design and construction contracts. He also represents owners and lenders in negotiating and documenting construction, permanent, and mezzanine loan transactions.
Mr. Klein concentrates his practice on Uniform Commercial Code work, secured and unsecured lending, asset sales and purchases, trade finance, outsourcing, payments, financial services and regulation and credit enhancements and workouts. Corporations, businesses, banks and other financial institutions seek his counsel on funds transfers, sales and acquisitions, and financial and international transactions work. In particular, he has extensive experience with Article 5 of the Uniform Commercial Code – Letters of Credit.
Ms. Campbell’s practice emphasizes all aspects of real estate. She advises lenders, borrowers, corporations, real estate developers and investors in a wide variety of complex commercial real estate transactions, including real property acquisitions and dispositions, commercial , industrial and retail leases, sale leasebacks, real estate financings and real estate aspects of corporate stock and asset sales.
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