What is the project's governance framework?
Will independent periodic reports be provided to investors?
Who are the main stakeholders and what are their roles?
Does Advanced act as a pure escrow agent, or does it have discretionary power to block or delay disbursements?
Will quarterly reports include: - remaining collateral value, - lots sold vs. unsold, - available cash, - outstanding senior debt, - updated downside scenarios
Who independently certifies the achievement of milestones, and how is independence ensured in practice?
Do bondholders benefit from any collective consent or veto rights on key matters (additional debt, changes to the master plan, asset disposals)?
Will investors benefit from a right to an independent annual audit or review?