In that case, a Delaware court found that there was no need to answer a solvency issue, but found that Hexion Specialty Chemicals had deliberately breached its obligations under the merger agreement between the companies, including all measures necessary to complete the financing of the transaction and satisfy the cartel authorities. The parties eventually took the matter into account. Negative business changes (MAC), sometimes referred to as “corporate MAC” or “BUSINESS MAC,” are a type of representation that is generally included in acquisition contracts. This is an assertion that there have been no significant adverse changes in the activity of the objective. The inability to make the insurance of the business agreement generally allows the buyer to terminate the activity contract and, in the loan agreement, it frees the lenders from their financing obligations. A normal definition of MAC in an acquisition contract differs from that of a loan contract. Mac clauses relating to acquisition agreements are often more limited in their scope and on time and have more exceptions (including for general market conditions and economic conditions that affect the objective). Like other representations, the buyer and seller often require that the MAC definition contained in a sales contract be used in the corresponding loan agreement, but only for the initial financing of acquisition loans (and not for current draws as part of a working capital tourist or a late subscription loan). Many parties are likely to agree before forcing a court to expect such a possibility, or many lenders will continue to support a deal to avoid the reputational risk of a withdrawal, Brant said. Nevertheless, he said that additional insecurity is a potential layer of difficulty for sellers who want to impose a merger agreement through litigation. “Would you like to get stuck in a Delaware suit for a few years, followed by a New York costume?” Several buyers have tried, in some cases, to encourage their lenders to withdraw from transactions that were affected by the global financial crisis that began in 2007, leading sellers to sue banks for not providing their promised financing. As a result, the lenders insist on the inclusion of Xerox`s provisions in the sales agreement (i.e., the first iteration of these provisions was requested by the lenders in the acquisition agreement for the acquisition of Affiliated Computer Services, Inc.