Located somewhere between equity and debt, mezzanine contributions are accorded lower priority than senior debt but higher priority than equity. Examples of mezzanine contributions are subordinated loans and preference shares. Subordinated loans involve a lender agreeing not to be paid until more "senior" lenders to the same borrower have been paid, whether in relation to specific project revenues or in the event of insolvency. Preference shares are equity shares, but with priority over other "common" shares when it comes to distributions. Mezzanine contributors will be compensated for the added risk they take either by receiving higher interest rates on loans than the senior debt contributors and/or by participating in the project profits or the capital gains achieved by project equity.