Material adverse effect: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Delete link.) |
imported>Doug Williamson m (Add link.) |
||
| (4 intermediate revisions by the same user not shown) | |||
| Line 3: | Line 3: | ||
A clause in a loan agreement. | A clause in a loan agreement. | ||
It is intended as a 'catch-all' clause and states that if there is a change in the circumstances of the borrower that materially and adversely affects the borrower's ability to repay, then this | It is intended as a 'catch-all' clause and states that if there is a change in the circumstances of the borrower that materially and adversely affects the borrower's ability to repay, then this is an event of default. | ||
| Line 9: | Line 9: | ||
* [[Event of default]] | * [[Event of default]] | ||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Material]] | |||
* [[Material adverse change]] | * [[Material adverse change]] | ||
* [[Adverse event]] | |||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Treasury_operations_infrastructure]] | ||
Latest revision as of 10:32, 15 July 2021
(MAE).
A clause in a loan agreement.
It is intended as a 'catch-all' clause and states that if there is a change in the circumstances of the borrower that materially and adversely affects the borrower's ability to repay, then this is an event of default.
