Since publication of the first edition in 2005, The International Loan Documentation Handbook has been an essential reference for lenders, their advisers and their customers, providing a practical and comprehensive review of the terms of international loan documentation. The book guides the reader, step by step, clause by clause, through the loan agreement, from start to finish. It gives detailed explanations of the purpose and commercial implications of each clause and highlights those clauses which have the biggest commercial impact. For each key clause, the text discusses some common negotiation points from the point of view of both borrower and lender. It also alerts readers to big picture issues: such as scope, flexibility, control, and syndicate democracy, as well as to pitfalls to watch out for, such as uncapitalised definitions, conflicting provisions and the role of Defaults and Events of Default. By explaining the structure and purpose of the various clauses, it equips readers with the tools to review the documents strategically and to navigate easily between the different provisions so as to follow key themes and to spot any commercial implications with ease.