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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Reading Cooperative Bank v. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.

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Architect's Consent to Assigment

Construction Lawyer

Today’s financial institutions are very concerned about potential defaults by their borrowers during the design and construction phases of projects for which the bank is providing financing. It is not unreasonable for the bank to be concerned. It is not unreasonable for the bank to be concerned.

Banking 45
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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. State Preference Points – Enterprise Zone companies can earn preference points on state contracts. CALIFORNIA – updated for 2014.

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Holidaymakers face six-month wait for travel refunds as airlines struggle to deal with colossal backlog of claims with £7billion owed to customers

Construction Test

The tycoon, whose family is EasyJet’s largest shareholder, is calling on the company to cancel a £4.5billion contract for 107 new Airbus planes. The Wall Street bank was initially drafted in to handle a possible bailout of Virgin Atlantic, but has been awarded a broader mandate covering the entire sector. .

Travel 26