Class 9 - Slides

Class 9 - Slides - ▪ Easing the burden on the...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
1 [NYCorp: 2568627.10] Cornell Law School Fall Semester 2009 Mark I. Greene Richard Hall Cravath, Swaine & Moore LLP
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
[NYCorp: 2568627.10] 2 Class 9 Material Adverse Change Provisions
Background image of page 2
[NYCorp: 2568627.10] 3 Material Adverse Change (“MAC”) What is a MAC? Where are MAC clauses found? Reps and warranties stand-alone “absence of MAC” representation qualifiers to representations and warranties Closing conditions stand-alone conditions that reps and warranties be true
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
[NYCorp: 2568627.10] 4 Material Adverse Change Function
Background image of page 4
Background image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ▪ Easing the burden on the representations and warranties ▪ Gives buyer a “walk-away” right ▪ Shorthand drafting tool: difficult to reach agreement on specific walk-away rights ► Selected exceptions to MAC clauses ▪ General industrial conditions ▪ Matters relating to the transaction ► In the news ▪ Huntsman ▪ Rohm & Haas [NYCorp: 2568627.10] 5 Material Adverse Change ► Selected drafting issues ▪ Material to whom? ▪ Short-term vs. long-term ▪ “Prospects” ▪ Disproportionate effect concept...
View Full Document

This note was uploaded on 11/28/2009 for the course LAW 7591 at Cornell.

Page1 / 5

Class 9 - Slides - ▪ Easing the burden on the...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online