Material adverse effect: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT CFF Reading 4.3.1 p14, Documentation 1 April 2014.) |
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Revision as of 17:23, 13 June 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.
