Covenants: Covenant Analysis Amid the Coronavirus Scramble to Preserve Liquidity (March 24, 2020)
Octus Radio
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Material Adverse Effects and Banking Considerations During a Pandemic
This chapter explores how banks are assessing material adverse effects (MAE) in facility agreements, particularly during the coronavirus pandemic. The discussion highlights the challenges in proving MAE, especially for industries severely impacted, such as airlines and cruise companies.
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