Draft a credit agreement and term sheet from the agreed economics
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Turn the agreed economics into a term-sheet table and a gap list against the firm’s credit-agreement form. Do not produce the execution version.
- What the lawyer must review
- US private-credit deals are often built from the LSTA’s model credit agreement provisions. The public LSTA page of 21 July 2026 describes the private-corporate-credit model as a harmonised set of terms; the clause text is member-only. Use the form the firm is licensed to use, confirm governing law, and read every covenant, default and voting clause before anyone signs. Opinion 512 requires you to verify generated output and keep client terms out of a public tool (Model Rules 1.1 and 1.6).
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Consider narrowly defined preparation support after confirming the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| US commercial loan commitment letter outline | Letter | AI use Yellow | Outline of a US commercial loan commitment letter. |
Signed-in accounts can read the full text of each one. All precedents.