Abstract
As Ergungor (2001) indicated, some critical problems still exist in the valuation of bank loan commitments. One of them is the Material Adverse Change (“MAC”) clause as a contractual discretion that may be exercised by banks. We explain how the MAC clause can affect the value of bank loan commitments in the competitive loan market.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
