MAE definition
Examples of MAE in a sentence
As of the Effective Date, (a) there is no Action pending or, to the Knowledge of Buyer, threatened in writing, against any Buyer Group Entity except as would not reasonably be expected to have a Buyer MAE or prevent the consummation of the Transactions and (b) no Buyer Group Entity is subject to any outstanding Order, except as would not reasonably be expected to have a Buyer MAE or prevent the consummation of the Transactions.
Buyer and each Affiliate of Buyer that is a party to any Transaction Document has all requisite corporate or other organizational power and authority to carry on its businesses as now being conducted and is qualified to do business and is in good standing as a foreign corporation or other legal entity in each jurisdiction where the conduct of its business requires such qualification, in each case except as would not reasonably be expected to have a Buyer MAE.
Except as contemplated by this Agreement (including the reorganizations and transactions undertaken to facilitate the Sale, including the Restructuring), during the period from the Interim Date through the Effective Date (a) the Business has been operated in the ordinary course in all material respects, (b) there has not been any MAE and (c) there has not been any action or event that would have required Buyer’s consent pursuant to Section 5.4.