3.4.4.4  Payments to Financiers and Equity Investors

Neither method of calculating the Default Termination Payment protects the payment of all Project Debt. The Financiers will bear the risk of Project Co's default under the Project Deed to the extent that the value of the Project at termination is less than the amount of actual project debt.

There is also no specific payment to Equity Investors, given that termination arises from Project Co's default.