The lender will seek remedies or opportunities to control the management of borrower assets in the event of its bankruptcy or insolvency.8 Each jurisdiction will place different rules on the taking of security over different project rights or assets (existing or future), for example real or movable assets, contractual rights (including future rights as they crystallize), endorsement of insurance policies to the benefit of third parties, rights over bank accounts (ideally fixed and floating charges), and the pledge of shares.
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8 See the Annex for further discussion of security rights.