Classical system and Material adverse effect: Difference between pages
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(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 == | == See also == | ||
* [[ | * [[Event of default]] | ||
* [[Loan agreement]] | |||
* [[Material adverse change]] | |||
* [[Adverse event]] | |||
[[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.
