Loss payee
The party named in an insurance policy to receive claim payments. In a financing it is the lenders' security agent.
See also: Non-vitiation
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Randeep Bubbra | Lawyer | Making space financeable
InfraOrbit Weekly
The week in space finance, read from the filings.
Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.
Working on a financing like this? Book 20 minutes with Randeep to see how it compares.