Ann: Sconi Project Offtake Agreement with SK Innovation, page-218

Looks like almost there with the thinking @elcappo - And I like it.......

Only thing I would twig is that the point 2. ) comes before 1. ) - or the Egg before the ' Chicken ' ( SKI ) .

Reason(s) being that the ' Level ' of comfort for the ' Chicken ' to lay the final funding Egg must come first......

This would then makes sense that NAIF and SKI are locked in and committed for the extra time perhaps should it be required by the Private Lending Consortium.

Plus as has been suggested in my earlier posts and highlighted by DB that if the NAIF component were to stretch out to far and require say ' Ministerial ' intervention , approval , or involvement in anyway , the last sitting days for both houses are Thursday 5th December , and don't then reconvene until approximately 11th February 2020......

One final thought would be that we obviously want the ' Maximum ' Amount possible from SKI's pre-payment commitment and as such , if this was to eventuate , we would definitely need that comfort and commitment from the Government through NAIF.

I do like your thinking process though......