Material adverse effect: Difference between revisions
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imported>Doug Williamson m (Link with Adverse event page.) |
imported>Doug Williamson m (Simplify to 'is an event of default', replacing 'will constitute an event of default'.) |
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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. | ||
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* [[Adverse event]] | * [[Adverse event]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 15:22, 20 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 is an event of default.
