Material adverse effect: Difference between revisions
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* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Material adverse change]] | * [[Material adverse change]] | ||
[[Category:Bank_Lending]] | [[Category:Bank_Lending]] | ||
[[Category:Debt_Capital_Markets]] | [[Category:Debt_Capital_Markets]] | ||
[[Category:Legal_Documentation]] | [[Category:Legal_Documentation]] | ||
Revision as of 22:25, 4 July 2014
(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 will constitute an event of default.
