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Commercial Loans Material Adverse Change Clauses (MACs)

WilmerHale

COVID-19: Credit Agreement Provisions to Consider in Light of the COVID-19 Outbreak

WilmerHale on

Uncertainty over the scope and spread of the COVID-19 outbreak continues to negatively impact the domestic and worldwide economy. Disruptions to business as a result of stay-at-home or shelter-in-place orders, restrictions on...more

Latham & Watkins LLP

Credit Insights – What Borrowers and Lenders Should Know About MACs During COVID

Latham & Watkins LLP on

Material adverse change provisions in credit agreements are under much heightened scrutiny in the current circumstances. In the current environment, both corporates and their lenders are trying to assess a fast-moving...more

Katten Muchin Rosenman LLP

COVID-19 – Return of the MAC, or Breathing Space?

Key Points - Material adverse change (MAC) provisions focus on whether prevailing events and circumstances have a material adverse effect on the borrower. - Case law suggests the key reference materials for assessing...more

BCLP

Enforcement of MAC Clauses in Loan Agreements in Light Of COVID-19 and Related Business Disruption

BCLP on

COVID-19 and the related disruption have resulted in enormous pressure on society and businesses. Material adverse change (“MAC”) clauses in loan agreements present important issues that borrowers and lenders alike need to...more

Shumaker, Loop & Kendrick, LLP

Client Alert: Commercial Loan Documentation: Effects of COVID-19

The fallout from the World Health Organization-declared global pandemic arising from the corona­virus disease (“COVID-19”) is currently having, and will certainly continue for some time to have, severe impacts on almost all...more

Kramer Levin Naftalis & Frankel LLP

Debt Dialogue: June 2017 - Refusing to Fund Into a Bankruptcy: Lessons From Lyondell for Lenders

In the May 2017 issue of Debt Dialogue, we discussed the recent decision by Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York with respect to the actual and constructive fraudulent...more

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