Extract to table

• Minimum Equity Contribution: $52,500,000 (representing 25% of the total $210,000,000 equity commitment) must be contributed by IHDC and funded into the Project before the first draw under the facility

Under the EPC Agreement, a change of control does not automatically result in termination or default; rather, it triggers a consent process in which TMCG must act reasonably

This assignment must be properly structured to ensure that it does not itself trigger the EPC Agreement's change of control provision

However, they must be specifically negotiated and documented — they will not be implied by operation of law

The collateral assignment of the LLSA to the Administrative Agent must include VPC's express consent and acknowledgment

The remedy is straightforward: the change of control definitions in the EPC Agreement and LLSA must expressly exclude transfers resulting from lender enforcement, and both TMCG and VPC must acknowledge and consent to the collateral assignments