Non-vitiation
An insurance clause that keeps the policy paying lenders even if the insured operator breached its terms or failed to disclose something.
See also: Loss payee
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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.