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Material adverse change (MAC) provisions for a facility agreement
Practical Law UK Standard Clause 9-382-0148 (Approx. 8 pages)
Material adverse change (MAC) provisions for a facility agreement
| Maintained • , England, Wales |
A variety of material adverse change (MAC) provisions (also known as material adverse effect (MAE) provisions) for use in a facility agreement. These provisions include material adverse change definitions, a MAC representation and a MAC event of default.
These standard clauses include integrated drafting notes.
The provisions should be read in conjunction with Practice note, Material adverse change (MAC) clauses in finance documents.