A clause in a loan agreement or bank facility stating that the loan will become repayable if there is a material change in the borrower's credit standing. The clause can be contentious because it is not always clear what constitutes a material change.
An advertisement in the financial press providing brief details of the amount and maturity of a recently completed bank facility. The names of the lead managers, co-managers, and managers are prominently displayed. It is customary for the borrower to pay for this advertisement, although they receive little direct benefit.
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