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An arrangement between the financing parties as well as project organization which sets out the terms which are popular to each of the funding instruments and the relationship among them (together with definitions, situations, purchase of drawdowns, project accounts, voting powers for waivers and amendments).
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Receivership: acknowledgement from the appropriate social gathering concerning the appointment of a receiver via the lenders underneath the related deal and that the receiver could keep Visit This Link on the borrower’s overall performance underneath the agreement
An off-get agreement can be an settlement in between the project company plus the offtaker (the social gathering who is purchasing the product / services that the project makes / provides). In a project financing the revenue is frequently contracted (in lieu of remaining marketed on the merchant basis).