Conditions precedent | Italy | Global Private M&A Guide - Limited External Content

Conditions precedent

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Express Material Adverse Event (MAE) closing condition?

Frequency/market practice: Fairly common, although enforceability may be problematic especially in the case of general clauses.

Is the MAE general or specific?

Frequency/market practice: Usually general, although market practice is beginning to see specific MAE clauses as well due to possible enforceability issues.

Is the MAE quantified?

Frequency/market practice: Rarely.

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