Material adverse effect and Memorandum of understanding: Difference between pages

Latest revision as of 22:43, 18 December 2020

(MoU).

1. Law.

A document setting out the main terms of a proposed contract.

Also known as a letter of intent.

Whilst it is not a formal contract, some of the terms may be enforceable.

2.

Any other document setting out the terms of an agreement between organisations or individuals, not intended to be legally binding.

International agreements for bank supervision

"The Bank [of England] has a number of MoUs with international authorities to support collegiate/co-operative [bank] supervision."

The Bank of England's supervision of financial market infrastructures - Annual Report - 2014 - p12.

@@ Line 1: / Line 1: @@
-(MAE).
+(MoU).
-A clause in a loan agreement.
+. ''Law.''
-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 is an event of default.
+A document setting out the main terms of a proposed contract.
+Also known as a letter of intent.
+Whilst it is not a formal contract, some of the terms may be enforceable.
+.
+Any other document setting out the terms of an agreement between organisations or individuals, not intended to be legally binding.
+:<span style="color:#4B0082">'''''International agreements for bank supervision'''''</span>
+:"The Bank [of England] has a number of MoUs with international authorities to support collegiate/co-operative [bank] supervision."
+:''The Bank of England's supervision of financial market infrastructures - Annual Report - 2014 - p12.''
 == See also ==
-* [[Event of default]]
+* [[Bank of England]]
-* [[Loan agreement]]
+* [[Bank supervision]]
-* [[Material]]
+* [[Contract]]
-* [[Material adverse change]]
+* [[Engagement letter]]
-* [[Adverse event]]
+* [[Express term]]
+* [[Infrastructure]]
+* [[Invitation to treat]]
+* [[Offering memorandum]]
+* [[Supervisory college]]
-[[Category:Long_term_funding]]
+[[Category:Accounting,_tax_and_regulation]]
-[[Category:Treasury_operations_infrastructure]]
+[[Category:The_business_context]]