---
title: "Compare a facility agreement with the firm's licensed credit-agreement form"
url: "https://ailawframework.com/practice/banking-and-finance/compare-a-facility-agreement-against-the-aplma-lma-style-precedent/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A3-B7-2-US"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Compare a facility agreement with the firm's licensed credit-agreement form

> List the facility's economics, covenants, defaults and voting clauses in a gap table against the firm's licensed form. Do not quote a member-only model.

Canonical page: https://ailawframework.com/practice/banking-and-finance/compare-a-facility-agreement-against-the-aplma-lma-style-precedent/united-states  
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 | List the facility's economics, covenants, defaults and voting clauses in a gap table against the firm's licensed form. Do not quote a member-only model. |
| What the lawyer must review | The LSTA public page of 21 July 2026 describes model credit agreement provisions for private corporate credit. The clause text is member-only. Compare the facility with the form the firm is licensed to use, and confirm governing law. Opinion 512 requires you to verify the gap table against the facility. A missing row is not a comment to the other side until you write it. |
| Written for | United States |
| Applies to | [Compare a facility agreement against the APLMA/LMA-style precedent](https://ailawframework.com/practice/banking-and-finance/compare-a-facility-agreement-against-the-aplma-lma-style-precedent.md) |

## Checking plan

- What the AI does: List the facility's economics, covenants, defaults and voting clauses in a gap table against the firm's licensed form. Do not quote a member-only model.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Do not describe LSTA clause text from behind the member login.
- Do not invent a required-lender percentage. Read the voting clause.

## Sources

- [LSTA, Model Credit Agreement Provisions for Private Corporate Credit Deals (21 July 2026)](https://www.lsta.org/content/model-credit-agreement-provisions-for-private-corporate-credit-deals-pcc-mcaps-july-21-2026/) (checked 2026-10-22)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (checked 2026-10-22)
- [ABA Model Rule 1.1, Competence](https://www.americanbar.org/groups/professional_responsibility/publications/model_rules_of_professional_conduct/rule_1_1_competence/) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [US commercial loan commitment letter outline](https://ailawframework.com/precedents/banking-and-finance/us-loan-commitment-letter.md) | Letter | Yellow | Outline of a US commercial loan commitment letter. Amount, price, conditions and which sections bind stay blank until the lawyer fills them from the agreed deal. |

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

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