Material adverse effect: Difference between revisions
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imported>Doug Williamson m (Simplify to 'is an event of default', replacing 'will constitute an event of default'.) |
imported>Doug Williamson m (Add link.) |
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| Line 9: | Line 9: | ||
* [[Event of default]] | * [[Event of default]] | ||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Material]] | |||
* [[Material adverse change]] | * [[Material adverse change]] | ||
* [[Adverse event]] | * [[Adverse event]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Treasury_operations_infrastructure]] | [[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.
