JUNIOR DEBT INSTRUMENT REFINANCING MANDATORY PROVISIONS

Advance means each advance to be made from time to time by the Junior Funder to the Borrower in terms of this Agreement;

Funding Rate means [                                        ];

Project Agreement means [                              ];

Incorporated Definitions

The following shall have the meanings ascribed to them in the Project Agreement:

Board

Junior Debt

Junior Funder

Junior Refinancing

Monthly Service Payment

Qualifying Refinancing

Refinancing

Refinancing Gain

Senior Refinancing