bbi: proposal to internalise management of bbi, page-9

http://bbinfrastructure.com/media/94261/03%2002%2006%20prospectus%20for%20pd%20ports.pdf

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."