Material adverse effect

From ACT Wiki
Revision as of 22:25, 4 July 2014 by imported>Doug Williamson (Delete link.)
Jump to navigationJump to search

(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