Claims and elections and Material adverse effect: Difference between pages

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''Tax''.
(MAE).  


National tax regimes often contain alternative rules, to help taxpayers to achieve the most tax efficient outcomes.
A clause in a loan agreement.
 
Sometimes they apply automatically, but in some cases it may be necessary to file a formal election or claim with the tax authority to use a more beneficial tax rule.
 
 
Tax claims and elections often have to be made in real time, i.e. before the tax computations are filed, so the organisation's tax specialists need high quality information at the time transactions are being planned and completed and not only at year end.


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 ==
* [[Tax]]
* [[Event of default]]
* [[Tax computation]]
* [[Loan agreement]]
* [[Material adverse change]]
* [[Adverse event]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Bank_Lending]]
[[Category:Debt_Capital_Markets]]
[[Category:Legal_Documentation]]

Revision as of 07:35, 5 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.


See also