Business MAC
In the context of Credit Agreements, a clause that gives the lender certain rights (typically the right to terminate a Credit Facility) if there is a Material Adverse Change (MAC) in the business of the borrower.
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In the context of Credit Agreements, a clause that gives the lender certain rights (typically the right to terminate a Credit Facility) if there is a Material Adverse Change (MAC) in the business of the borrower.