There may be limitations on the number of steps in.\u00a0 However, if the contract is long, it may be reasonable to have multiple step-ins.<\/p>\n
The direct agreement may also make provision for notification of defaults to the funder. It may provide for the extension of remedial periods to allow the funders to step in to resolve the problem.<\/p>\n
There may be provisions with respect to penalty points accrued to date.\u00a0 They may be suspended during the step-in period<\/p>\n
The agreement may provide that during the step-in period, payments have to be made directly to the debt funders rather than to the project company.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Charges Following an event of default, the lender will typically be in a position to appoint a receiver over the assets of the borrower company. \u00a0They should be in a position to obtain control of the company’s assets to the exclusion of the company\u2019s controllers and its creditors.\u00a0 This will enable the receiver to run […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[58],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19396"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=19396"}],"version-history":[{"count":7,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19396\/revisions"}],"predecessor-version":[{"id":31334,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19396\/revisions\/31334"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=19396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=19396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=19396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}