United States: The Post-Revlon Reaction: Pitfalls For Lenders In The Proposed Erroneous Payment Language - Akin Gump Strauss Hauer & Feld LLP

United States: The Post-Revlon Reaction: Pitfalls For Lenders In The Proposed Erroneous Payment Language - Akin Gump Strauss Hauer & Feld LLP

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Importantly, the LSTA language grants administrative agents sole discretion to determine whether a payment was made erroneously.

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