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The lenders’ recourse is Therefore restricted generally or fully to the project’s belongings, such as completion and overall performance assures and bonds, in the event that the project business defaults.
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A crucial challenge in non-recourse financing is whether circumstances may possibly come up in which the lenders have recourse to some or all of the shareholders’ property. A deliberate breach to the Portion of the shareholders may well give the lender recourse to belongings.
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