Independent Fiduciary MAC
Independent Fiduciary MAC. Means (i) the occurrence of a material adverse change, as determined in the Independent Fiduciary's sole discretion, in or directly affecting Prudential after the Commitment Agreement Date that would cause the selection of Prudential and the purchase of the Contract to fail to satisfy the ERISA Requirements, or (ii) the occurrence of a change in ERISA Requirements after the Commitment Agreement Date that would cause the selection of Prudential and the Plan's purchase of the Contract to fail to...
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Found in
Baxter International Inc. contract