DEFINITION
Adverse Event

"Adverse event": An adverse event is any event that, happening or having happened, has undesirable consequences.An adverse event for whatever is under consideration may be neutral or advantageous for something else.For example, in finance, the term may be relevant with regard to loan contracts that include a 'material adverse change' clause. A 'material adverse event' may then taken as an event the happening of which would have or may be expected to have a material adverse effect on the obligor's ability to perform its obligations under the loan agreement. The use of the term 'adverse event' or 'material adverse event' in this context is usually informal, it not often being a defined term in the agreement.
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