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controls more than all hard cash inflows and outflows in the PPP Firm. As famous higher than, financial loan contracts together with other funding files will create the waterfall for allocating the PPP Firm's dollars inflows to the varied Expense items.

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As outlined above, the financing of a PPP project is made up principally of senior personal debt and fairness (which can from time to time be in the form of junior shareholder financial loans).

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