Contingent support only becomes payable (or "crystallizes") in certain situations. Contingent support can include:
• guarantees, including against breach of contract, non-payment of debt service, adverse movements in exchange rates, lack of convertibility of the local currency or availability of foreign exchange, credit risk of offtake purchaser, tariff collection risk, the level of tariffs permitted, the level of demand for services, payment of termination compensation, etc.
• indemnities, e.g. against failure to pay by state entities or damages associated with undue Government intervention
• stand-by funding (debt, equity or grants), that the project company can draw on, e.g. in the event demand is insufficient, or for cost over-runs.