Kathleen must be replying from her phone...just in case you can't make that other language out, amirudds...I believe it says:
Check your commitments for a "material adverse change" clause.
As far as Scene 2 clarification goes...I would go ahead and adjust the underwriting and then make the decision based on the change in circumstances. I'm sure your commitment is no longer valid since both parties no longer exist.
My opinion only. Not legal advice.
Say you'll haunt me - Stone Sour