what is an upstream agreement
In secondary loan market parlance an âupstreamâ is an agreement pursuant to which current seller, or its predecessors-in-interest, acquired some or all of the debt or related rights now being resold to purchaser.nd the passing of a voting record date under a Chapter 11 plan before seller closes its buy-in of the subject loans may lead purchaser to rely upon a particular upstream sellerâs compliance with its obligation to execute its downstream holdersâ elections under the plan.