Express Material Adverse Event (MAE) closing condition?
Frequency/market practice: Less common; it is typically difficult for buyers to negotiate an MAE closing condition.
Is the MAE general or specific?
Frequency/market practice: Both are seen.
Is the MAE quantified?
Frequency/market practice: Fairly common; sometimes seen as a reference to the financial impact and/or sales or earnings before interest, taxes, depreciation and amortization (EBITDA) effect.
