The Umbrella Clause is a clause according to which in complex M&A contracts with several sellers the sellers are seen as a unit for simplification purposes. This approach can facilitate legal disputes that may arise later.
The term "Undertaking" is used to describe special contractual obligations which the parties to a contract assume outside the normal contractual obligations.
The Unfriendly Takeover is the counterpart of the Hostile Takeover (see also Hostile Takeover). While in the case of an unwanted takeover the management remains passive in the case of the unfriendly take-over, the management actively defends itself in the case of the hostile take-over.
An upstream guarantee is a guarantee that a subsidiary provides for a parent company.
The upstream merger is the counterpart to the downstream merger (see also Downstream Merger). This involves the merger of a subsidiary with the parent company.
A loan granted by a subsidiary to its parent company is referred to as Upstream loans.
US-GAAP is an abbreviation for United States Generally Accepted Accounting Principles and is the current accounting standard for the US capital market.
USP is the abbreviation for "unique selling proposition". This refers to a unique selling proposition with which a company can set itself apart from its competitors.