Sample output: Restructuring Term Sheet Review
This is an illustrative sample of what the Restructuring Term Sheet Review skill produces. Every party, date, document, and fact is fictional — invented for illustration only.
The fictional scenario
Sample Request — restructuring-term-sheet-review
Fictional illustration. All parties, facts, figures, and documents below are invented for this example.
Please run restructuring-term-sheet-review on a draft forbearance agreement and flag the issues for counsel.
Matter facts
- Our client: Birchwood Logistics Inc., the borrower.
- Counterparty: Cardinal Credit Partners, the lender.
- The user's role: in-house counsel for Birchwood (debtor-side / borrower).
- Document: a draft Forbearance Agreement (fictional) following a payment default under a term loan.
- Transaction type: out-of-court forbearance and workout.
Materials provided
- Draft Forbearance Agreement (fictional), with provisions at:
- §2 "Forbearance Period" — references a period tied to milestones.
- §4 "Milestones" — lists milestones; some dates are marked "TBD".
- §6 "Releases" — a release in favor of the lender.
- §8 "Additional Collateral" — references new collateral to be granted.
- §11 "Fees" — a forbearance fee.
- §13 "Termination Events" — lists termination events.
Stated facts
- Birchwood wants to understand the key terms, the issues from the borrower's side, and where to focus negotiation.
- A confidentiality provision is expected but Birchwood has not located one in the draft.
Please: build a key terms table and an issue list with a risk matrix from the borrower's perspective; cite section numbers; treat any "TBD" date as not provided; give negotiation points as direction only; do not conclude enforceability or legal sufficiency, and do not calculate any deadline.
What the skill produced
Sample Output — restructuring-term-sheet-review
Draft work product for attorney review. Not legal advice. Every party, fact, figure, document, and citation below is fictional and illustrative. This example contains no real or invented legal authority. It shows the shape of the skill's deliverable — not a model answer for any matter.
Capability and Reliance Notice
This is a draft restructuring term-sheet review for a qualified, licensed attorney. It does not provide legal advice, conclude whether the agreement or any term is enforceable or legally sufficient, determine the legal effect of any release or covenant, or calculate any deadline. A qualified attorney must review it before signing or any support commitment.
Gates Table
| Gate | Status | Source |
|---|---|---|
| Transaction type | Out-of-court forbearance and workout | User request |
| Parties | Birchwood Logistics Inc. (borrower); Cardinal Credit Partners (lender) | Draft Forbearance Agreement |
| User's role / perspective | In-house counsel; borrower-side | User request |
| Document | Draft Forbearance Agreement | Draft Forbearance Agreement |
Key Terms Table
| Term | Section | What it says (plain language) | Source |
|---|---|---|---|
| Forbearance period | §2 | A forbearance period tied to the §4 milestones | Draft FA §2 |
| Milestones | §4 | A milestone list; some dates marked "TBD" | Draft FA §4 |
| Releases | §6 | A release in favor of the lender | Draft FA §6 |
| Additional collateral | §8 | New collateral to be granted to the lender | Draft FA §8 |
| Forbearance fee | §11 | A fee payable by the borrower | Draft FA §11 |
| Termination events | §13 | A list of events ending forbearance | Draft FA §13 |
Issue List and Risk Matrix (borrower's perspective)
| # | Issue | Trigger | Source | Concern for the borrower | Risk | Attorney follow-up |
|---|---|---|---|---|---|---|
| 1 | Milestone dates undefined | Several §4 dates marked "TBD" | Draft FA §4 | Undefined milestones create uncertainty about the forbearance period and termination exposure | High | Confirm milestone dates before signing |
| 2 | Release scope | §6 release runs to the lender | Draft FA §6 | Scope, timing, and who is released should be examined from the borrower's side | High | [ATTORNEY TO CONFIRM] release scope |
| 3 | Additional collateral | §8 grants new collateral | Draft FA §8 | New collateral grant is a significant concession to evaluate | High | Confirm what collateral and on what terms |
| 4 | Forbearance fee | §11 fee | Draft FA §11 | Fee amount and timing should be checked against expectations | Medium | Confirm fee amount and trigger |
| 5 | Termination events | §13 list | Draft FA §13 | Breadth of termination events affects how easily forbearance can end | Medium | Review §13 breadth |
| 6 | Confidentiality | No confidentiality provision located | Draft FA (full review) | A confidentiality provision was expected but is not found | Medium | Confirm whether one should be added |
Missing Terms (after full review)
- A confidentiality provision —
not found. - Defined milestone dates in §4 —
not provided("TBD").
Negotiation Points (direction only — borrower's side)
- Fix the §4 milestone dates before signing; do not leave them "TBD".
- Examine and, if appropriate, narrow the §6 release.
- Clarify the §8 additional-collateral terms and scope.
- Confirm the §11 fee amount and trigger; consider adding a confidentiality provision.
Attorney Verification Checklist
- [ ] Confirm the parties, the loan background, and the borrower's objectives.
- [ ] Confirm the §4 milestone dates
[deadline verification required]. - [ ] Review the §6 release and the §8 additional collateral from the borrower's side.
- [ ] Confirm whether a confidentiality provision should be added.
Assumptions
- Assumed the draft provided is complete for the purpose of marking provisions
not found—[CONFIRM]. - No enforceability or legal-sufficiency conclusion is drawn, and no legal effect of any release or covenant is determined; all open items are for the attorney.