Thx mate yep that all makes sense to me. And yea I made a mistake and undershot the soi calc.
I fully expect they have an agreement to go to 85% otherwise I don't see why tso would do it.. well that's wat I'm hoping anyeays. And obviously my calc dosnt allow for any expansion etc. Just am elementary value of jv asset Bring on the alteration zone assays yew.
FM3
firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-337
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