Conditions precedent
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Conditions precedent Start Comparison
Express Material Adverse Event (MAE) closing condition?

Frequency/market practice: Fairly common, especially in case of a long period between signing and closing.

Is the MAE general or specific?

Frequency/market practice: The MAE is becoming more specific. In connection with COVID-19, there is a tendency to expressly indicate that the parties have properly evaluated the risks connected with the same and any such circumstances will not constitute the MAE.

Is the MAE quantified?

Frequency/market practice: Fairly common; increasingly common.