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I should think people in the Syndication teams will soon start to impose MAC clauses when documenting the hybrid acquisition-project finance infrastructure deals. Just in case some banks do not get stuck (again) with huge underwriting amounts, like back when the telco bubble burst.

When through hell, just keep going. W. Churchill
by Agnes a Paris on Tue Dec 5th, 2006 at 05:58:14 PM EST

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