Express Material Adverse Event (MAE) closing condition?
Frequency/market practice: Uncommon; this is typically only available where there is a long period before execution and completion, or a foreign seller.
Is the MAE general or specific?
Frequency/market practice: Both are seen. It is more likely to be specific. It may be general if both parties are from the US.
Is the MAE quantified?
Frequency/market practice: Rarely; it is more likely to be quantified than general.
