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"Back-Door" Material Adverse Effect Closing Condition

IRI:
https://folio.openlegalstandard.org/R8H6juVpaeXuliJoxIUxXdS
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Alternative Labels
MAE

Definition

A "Back-Door" Material Adverse Effect (MAE) Closing Condition is a provision in a legal agreement that allows a party to back out of the agreement if an adverse event occurs that was not specifically listed as a condition for termination.

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Translations

🇮🇳 hi-in "बैक-डोर" सामग्री अधिकारी असाधारण प्रभाव समापन शर्त
🇬🇧 en-gb Back-Door" Material Adverse Effect Closing Condition
🇩🇪 de-de Closing-Bedingung für Material Adverse Effects durch Hintertür
🇪🇸 es-es Condición de cierre de efecto adverso material "Back-Door"
🇲🇽 es-mx Condición de cierre de efecto adverso material "Back-Door"
🇫🇷 fr-fr Condition de clôture pour les effets indésirables matériels par la porte dérobée
🇧🇷 pt-br Condição de fechamento para Efeitos Adversos Materiais por meio de Porta dos Fundos
🇮🇱 he-il תנאי סגירת השפעה נזקית חומרית "Back-Door"
🇯🇵 ja-jp バックドアの重大な不利な影響のクロージング条件
🇨🇳 zh-cn 通过后门的重大不利影响关闭条件

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Source and Origin

Source

ABA M&A Deal Points Study