material adverse change

noun

  • Contract Law
  • Banking and Finance
  • Debtor-Creditor

Definitions of material adverse change

  • serious deterioration in the borrower’s credit standing

    The credit agreement contains a prohibition on borrowing in the event of a material adverse change.

Abbreviations of material adverse change

  • MAC

Phrase Bank for material adverse change

  • The bank must be notified immediately of any material adverse changes suffered by the buyer.

  • A significant fall in share prices may be a material adverse change if the borrower provided the shares as security for the loan.

  • The bank can protect itself against unexpected events with a material adverse change clause.