Adobe InDesign CS3 (5.0)
Practical Tips for Negotiating Material Adverse Change Clauses in Commercial Real Estate Loans By Christopher T. Nixon and Susan C. TarnowerProbate & ProPerty j March/apri l 2009 21 typically do not attempt to identify speciifi circumstances to which the clause applies. An example of a broad MAC clause is as follows: In the event of any material adverse change, as determined by Lender, Lender may terminate this Loan Commitment or modify the terms hereof. A broad MAC clause provides flexibiliit to...