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About Thomas Egan

Thomas Egan

Thomas Egan is Of Counsel at L&G Law Group LLP. Mr. Egan’s practice at LLF is concentrated in corporate and transactional matters. He has been engaged in a wide variety of transaction during his thirty years of practicing law, including asset securitization transactions, mergers, stock and asset acquisitions, public and private offerings of securities (including IPOs), organizational restructurings, shareholder agreements, stock option programs, employment agreements, commercial leases of personal and real property, commercial real estate purchase and sale agreements, reviewing engineering and architecture agreements, and manufacturing and sales contracts. He has an emphasis representing lenders and borrowers in (i) loan transactions involving secured and unsecured, senior and subordinated and convertible debt, syndicated loans and for letters of credit for commercial transactions and municipal bonds, (ii) restructurings and transactional aspects of workouts, including forbearance agreements, deeds-in-lieu and note sales and (iii) equipment lease financings.

Articles by Thomas Egan

Careless mistakes in UCC-3 terminations and continuations can lead to costly litigation with secured parties. Learn best practices for filing and recording.

How Brevity in Financing Statements Can Lead to Insufficient Collateral Descriptions Our fast-paced society, coupled with the tendency for people to use shorthand in communications by emails and Twitter, influences everyone to look for ways to save time and be less verbose. When preparing and filing a UCC-1, however, brevity can be the filer’s enemy. Description of Collateral in Security Agreements Article 9 of the UCC provides that a security agreement must “provide a description of the collateral.” A description of collateral under Article 9 is usually considered adequate if […]