MAC Trust Account definition
MAC Trust Account means the Australian dollar denominated trust account operated by MAC Group to hold monies on trust for the purpose of paying the Scheme Consideration to the Scheme Shareholders (as defined in the MAC Merger Agreement).
Examples of MAC Trust Account in a sentence
Permit the proceeds of any Loans used to pay the Scheme Consideration to be deposited into the MAC Trust Account earlier than the date falling three Sydney Business Days prior to the Implementation Date unless required pursuant to applicable law or otherwise approved by the Administrative Agent.