Article
Eleventh Circuit Holds That Term Lenders Do Not Have Standing To Enforce Funding Obligations Of Revolving Lenders
On February 20, 2013, the Court of Appeals for the Eleventh Circuit Court in Fontainebleau held that term lenders did not have standing to assert claims against revolving lenders under the same credit agreement for failure to fund, absent specific contractual provisions to the contrary.
Paul Hastings LLP
