---
title: "Build the conditions-precedent checklist from the signed facility"
url: "https://ailawframework.com/practice/banking-and-finance/build-the-conditions-precedent-checklist-from-the-signed-facility"
type: "task"
site: "AI Law Framework"
id: "A3-T1-R3"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Build the conditions-precedent checklist from the signed facility

> Extract every CP, security-perfection step and evidence requirement from the executed facility and security documents into a checklist with owners and due dates.

Canonical page: https://ailawframework.com/practice/banking-and-finance/build-the-conditions-precedent-checklist-from-the-signed-facility  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Extract every CP, security-perfection step and evidence requirement from the executed facility and security documents into a checklist with owners and due dates. |
| What the lawyer must review | Trace each CP to the signed documents, including late additions Confirm search and perfection steps against current filing rules before marking a CP satisfied |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Potential support includes identifying points for review. Confirm the tool’s capability and permitted scope.
- What the lawyer does: Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Suggested checking approach based on the task guidance. Complete the assessment for the actual tool, information and jurisdiction.
- Why: The plan reflects the described work and review requirements. Policy colours are not used to determine permission or checking.

## Checks the lawyer makes

1. Check the current court or regulator requirements, prescribed form and attachments for the intended document and filing.
2. Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
3. Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
4. Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
5. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
6. Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.

## Notes

- Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [US commercial loan closing checklist](https://ailawframework.com/precedents/banking-and-finance/us-loan-closing-checklist.md) | Checklist | Yellow | Closing checklist for a US commercial loan. Each condition is copied from the signed facility. The list does not invent conditions the statute requires. |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/banking-and-finance/build-the-conditions-precedent-checklist-from-the-signed-facility/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*