makes no diff - if they make the interest only loan repayments in the first 3 years business should be going strong by then including Tanz I would suspect. Most financiers would expect some security so can't see the relevance of the question and as far as guarantee payment goes - well how much of a guarantee do you provide on your mortgage?.simply a great deal which hopefully will transpire within time frames provided then we're off and running especially given that production for the first three years has been accounted for.
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Ann: US$52M Term Sheet Signed for New York Battery Plant, page-14
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