Comparative law notes
In Brazil, the expression "cláusula MAC" is commonly used when referring to the material adverse change clause in M&A agreements.
There are multiple definitions - click on the translation that matches your context.
material adverse change means:
substantivo
full
noun
In Brazil, the expression "cláusula MAC" is commonly used when referring to the material adverse change clause in M&A agreements.
serious deterioration in the borrower's credit standing
The credit agreement contains a prohibition on borrowing in the event of a material adverse change.