most favored nation provision

most favored nation provision
USA
This term has a number of meanings. In the context of:
Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified circumstances. For example, an incremental loan provision may have an "MFN clause" that says that the interest rate on the existing term loan will be increased so that it is not less than 25 basis points lower than the interest rate on the incremental loan. MFN clauses are sometimes seen between two loan agreements where the first agreement will be entitled to the same or better covenants than the second agreement, so any favorable changes to the second agreement will be deemed to be made to the first agreement as well.
Corporate, a contractual provision that enables one party to receive the most favorable price or terms and conditions offered by the other party. This provision acts as a guaranty to the recipient that it is receiving and will continue to receive the best terms offered by the other party.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • most-favored-nation provision — + Most Favored Nations Provision (MFN) USA This term has a number of meanings. In the context of: • Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified… …   Law dictionary

  • most favoured nation provision — + Most Favored Nations Provision (MFN) USA This term has a number of meanings. In the context of: • Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified… …   Law dictionary

  • most favored nation clause — + Most Favored Nations Provision (MFN) USA This term has a number of meanings. In the context of: • Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified… …   Law dictionary

  • most-favored-nation clause — + Most Favored Nations Provision (MFN) USA This term has a number of meanings. In the context of: • Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified… …   Law dictionary

  • Orbitz — This article is about the online travel agency. For the soft drink, see Orbitz (soft drink). Orbitz Worldwide, Inc. Type Public Industry Travel services …   Wikipedia

  • ALIYAH AND ABSORPTION — GENERAL SURVEY Introduction Aliyah, ascension or going up, is the coming of Jews as individuals or in groups, from exile or diaspora to live in the Land of Israel. Those who go up for this purpose are known as olim – a term used in the Bible for… …   Encyclopedia of Judaism

  • History of the United States (1980–1991) — The history of the United States (1980 1991) includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first two years of the George H. W. Bush presidency, up to the collapse of the Soviet… …   Wikipedia

  • MFN — abbrv. Most favored nation. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. MFN + …   Law dictionary

  • clause — n. group of words with a subject and predicate 1) a conditional; dependent, subordinate; independent, main; nonrestrictive; relative; restrictive; verbless clause provision article 2) (esp. AE) a grandfather clause ( a clause that exempts those… …   Combinatory dictionary

  • Dana Rohrabacher — Member of the U.S. House of Representatives from California s 46th district Incumbent Assumed office …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”