Intercreditor Agreement: Importance, Definition and Requirement

To determine their respective rights to payment from the borrower and to enforce security interests in the borrower’s collateral, two or more creditors of the same borrower may sign the Intercreditor & Subordination Agreement. These agreements enable borrowers to borrow more loans instead of issuing more equity if extra-secured debt Continue Reading

Retaliation Claims Are Generally Settled: Everything You Need to Know

The American business is a complicated entity that is designed to maximize employee productivity but is undermined by “workplace harassment” and other problems that can make the workplace unsafe or unpleasant for employees. The Equal Employment Opportunity Commission (EEOC) and other organizations in the United States legally protect workers from Continue Reading

Large Accelerated Filer: Definitions, Amendment

The U.S. amended the Securities Exchange Act of 1934 and Rule 12b-2, defining “accelerated filer” and “large accelerated filer.” Securities and Exchange Commission (“Commission”) through a vote on March 12, 2020.  The amendments aim to protect investors, promote capital formation, and reduce compliance costs for smaller issuers while preserving capital. Continue Reading