From the Grower Prospectus- Who is going to be the Responsible Entity now??? and deferment of Rent and Management Fees
Insolvency scenario
"If TFS Properties is replaced as the responsible entity of the Project in the event of insolvency, the Replacement Responsible Entity may require that Growers cannot elect the Annual Deferred Investment Option going forward. This means each Grower will be required to pay the Rent going forward as set out in Table 3A to the Replacement Responsible Entity. This insolvency scenario is designed to facilitate, if the Responsible Entity is insolvent, the Project having sufficient funds available to meet the ongoing costs. There is no certainty that the Project will continue if TFS Properties becomes insolvent."
Maybe its best they review all the projects and state honestly which ones are really viable and then make an informed decision from there.
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What next for Quintis Growers, page-3
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