page 110, Section 12.4.3 says BBI can terminate its Management Agreement if "a Manager Insolvency Event occurs in respect of BBIM".
I assume BBIM is a company set up by BBN to provide the management of BBI. So does this clause provide escape for BBI, if BBN goes into administration?
I also wonder what this clause means about possible termination. Would an Administrator be a Babcock & Brown Associate?
"the Share holders so resolve if the Responsible Entity is not a Babcock & Brown Associate."
BBI Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held