The ongoing COVID-19 pandemic continues to leave businesses in limbo. Prolonged government shutdowns and health restrictions designed to limit the spread of the coronavirus have disrupted contractual relations across the...more
With the COVID-19 pandemic continuing to adversely impact businesses across the globe, for the past year lenders have been reviewing their portfolios for credit degradation. Credit agreements will often contain a clause in...more
7/21/2021
/ Borrowers ,
Consumer Financial Products ,
Contract Terms ,
Coronavirus/COVID-19 ,
Credit Agreements ,
Financial Institutions ,
Infectious Diseases ,
Lenders ,
Loans ,
Material Adverse Change Clauses (MACs) ,
Material Adverse Effects