Material adverse effect and Net realisable value: Difference between pages

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imported>Doug Williamson
(Create the page. Source: ACT CFF Reading 4.3.1 p14, Documentation 1 April 2014.)
 
imported>Administrator
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(MAE).
An estimate of what stock or other assets could reasonably be expected to be sold for after deducting selling expenses and any costs of completing the item.
 
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.
 


== See also ==
== See also ==
* [[Event of default]]
* [[Stock]]
* [[Loan agreement]]
* [[Material adverse change]]


[[Category:Bank_Lending]]
[[Category:Debt_Capital_Markets]]
[[Category:Legal_Documentation]]

Revision as of 14:20, 23 October 2012

An estimate of what stock or other assets could reasonably be expected to be sold for after deducting selling expenses and any costs of completing the item.

See also


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