The Board of Governors of the Federal Reserve System has announced that it is establishing a Main Street Lending Program (collectively, the “Program”) to support lending to small and medium-sized businesses that were in sound...more
On March 21, 2020, New York Gov. Andrew Cuomo issued New York Executive Order 202.9, “Continuing Temporary Suspension and Modification of Laws Relating to the Disaster Emergency" (the “Executive Order.”) The Executive Order...more
4/9/2020
/ Banking Sector ,
Banks ,
Borrowers ,
Consumer Lenders ,
Coronavirus/COVID-19 ,
Disaster Relief Fund ,
Executive Orders ,
Governor Cuomo ,
Lenders ,
New York ,
Small Business ,
Small Business Loans
Lenders should modify restrictive covenants related to mergers, reorganizations, acquisitions and similar transactions in new and amended loan documents due to amendments to the Delaware Limited Liability Company Act...more