MFN

MFN
abbrv.
Most favored nation.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


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 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.

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Look at other dictionaries:

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  • MFN — abbrev. MOST FAVORED NATION …   English World dictionary

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  • MFN — abbreviation most favored nation * * * MFN (no periods), most favored nation. * * * abbr. most favored nation …   Useful english dictionary

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  • MFN 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

  • MFN-Prinzip — Das Meistbegünstigungsprinzip bezeichnet im Welthandelsrecht und im Verfahrensrecht zwei verschiedene Begriffe. Im Übrigen ist es auch noch eine Problematik im Wettbewerbsrecht, wo solche Klauseln nicht immer zulässig sind. Inhaltsverzeichnis 1… …   Deutsch Wikipedia

  • MFN — abbreviation most favored nation …   New Collegiate Dictionary

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