A Brexit-related
MAC clause would only be needed if a purchase deal was made to acquire Charter Court prior to 23 June 2016, the date of the UK referendum, although a number of businesses are delaying auctions until after the poll.
In contrast, the vast majority of US deals used a
MAC clause.
Some acquiring companies have utilized the
MAC clause to walk away from a deal because the target became less attractive during the interval period (Herman and Piereck, 2010).
QNB will not use the
MAC clause it said in its conference call and already pencilled in a potential fall in the EGP/USD to 7.
the available US swing line that does not have a
MAC clause, which is
A
MAC clause is a clause typically requested by the purchaser of a business to be inserted into a sale and purchase agreement (SPA).
In 2007, a
MAC clause led to a reduction in the sale price for
will not only permit a court to indulge its tendency to interpret a
MAC clause narrowly, but will affirmatively count against an inclusion of that topic in the MAC definition.
Bank of America shareholders approved the agreement with the
MAC clause December 5, 2008.
It had no need to rely on a
MAC clause to exit the transaction.
As previously discussed, the
MAC clause is something often relied upon as an exit strategy by buyers.
Another way to navigate the lending process with some order is to lock in the entire loan coupon by effectively buying out the
MAC clause language in the loan agreement.
