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Material adverse change clause (including market MAC wording) for a mandate letter
Practical Law UK Standard Clause 6-384-1473 (Approx. 7 pages)
Material adverse change clause (including market MAC wording) for a mandate letter
| Maintained • , England, Wales |
A material adverse change (MAC) clause for use in a mandate letter. The clause incorporates wording to protect the arrangers (or underwriters) if there are events or circumstances that adversely affect the syndicated loan markets (a so called market MAC).
These standard clauses include integrated drafting notes.
The clause should be read in conjunction with Practice note, Material adverse change (MAC) clauses in finance documents.