C. Consider the interests of the lenders when assessing a change of ownership

Lenders also have an interest in changes of control of the Project Company and they may also require a commitment from the equity investors to maintain their financial stakes in the project for some minimum period. Consent from the lenders to a change of ownership is often linked to consent from the Procuring Authority. The Procuring Authority should consider these interests and not use its approval right in a way that will interfere with the ability of the lenders to protect their interests (e.g. by causing unnecessary delays). The interests of the lenders and the Procuring Authority are typically aligned in this situation, as both parties require a financially stable and technically capable Project Company to deliver the project.