The article presents the author's tips on negotiating material adverse change (MAC) clauses in commercial real estate loans. The author suggests that borrowers and their counsel should carefully review the scope of the MAC clause when negotiating the financial documents. Given the typical insistence...
Seller does not need to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any government or governmental agency in order for the parties to consummate the transactions contemplated by this Agreement, except where the failure to give notice, to file...