It’s time to face up to the fact that financial market participants will soon no longer be able to rely on LIBOR.
No one can claim that this comes as a surprise. In 2014, in response to concerns about the reliability and...more
6/16/2020
/ Aircraft ,
Aircraft Sales ,
Alternative Reference Rates Committee (ARRC) ,
Benchmarks ,
Best Practices ,
Coronavirus/COVID-19 ,
Financial Markets ,
Hedge Funds ,
Leases ,
Lessee ,
Lessor ,
Libor ,
Loan Market Association ,
Secured Overnight Funding Rate (SOFR) ,
UK ,
Waterfall Provision
At this time, the full effects and repercussions of the COVID-19 outbreak are uncertain. However, one thing that is certain is that leasing companies are receiving, and will continue to receive, requests from lessees across...more
The MAC provision -
A material adverse change (“MAC”) provision (depending on where or how it is used) typically references a material adverse change in the business, assets, properties, liabilities, operations, condition...more