Most credit agreements have significant negative effects or significant adverse modification clauses (MAEs) that affect a borrower`s ability to borrow funds under a credit facility and may even, in some cases, cause a default event. However, litigation, environment and accounting) are probably not acceptable to the lender, in order to limit the borrower`s ability to enter into financing agreements or with respect to material financial information. The Loan Syndications and Trading Association (LSTA) and a team of professionals and lawyers from major credit companies have entered into a standard credit agreement after nearly two years of work on the project. .