Carve-out

A contractual exception within a MAC clause that excludes general economic, financial market, or industry-wide developments from triggering a MAC.

Source: Material Adverse Change Clauses in M&A Transactions: The Impact of Macroeconomic Events (Academic research) · p.9

Reports that mention Carve-out

Growth Equity Update - July 2023 (Edition 16)Rothschild & Co

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