Q1.3 - Is the issuer a single-purpose, insolvency-remote vehicle, or does it carry other activities or risks beyond this project? - FAQ
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Q1.3

Is the issuer a single-purpose, insolvency-remote vehicle, or does it carry other activities or risks beyond this project?

Project Overview 23/12/2025
The Issuer will be structured as a single-purpose vehicle. Its articles of association and transaction documents will restrict its activities to the issuance of the bonds and related transactions, with no other indebtedness except as expressly permitted under the bond documentation. Standard structural features (limitations on additional debt, no guarantee of third‑party obligations, non‑petition and limited recourse language where appropriate) will be implemented to strengthen its insolvency‑remoteness, subject to Luxembourg counsel input.
Autres questions dans "Project Overview"
Q1.1

What is Punta Vista Park?
Q1.2

What is the purpose of the Luxembourg bond issue?
Q1.3 Actuelle

Is the issuer a single-purpose, insolvency-remote vehicle, or does it carry other activities or risks beyond this project?
Q1.4

Could you please confirm the exact legal identity of the Luxembourg bond issuer (name, legal form, share capital, shareholders)?
Q1.5

1. Legal robustness of the Luxembourg structure : Could you confirm whether a formal Luxembourg legal opinion will be delivered at closing, covering in particular: - the enforceability of limited recourse and non-petition clauses, - the effective insolvency remoteness of the ADVANCED compartment, - and the validity of the ring-fencing vis-à-vis both the platform and other compartments?
Q1.6

2. Back-to-back funding mechanics : Could you provide more detail on the exact nature of the funding from the issuer to the Costa Rican entities (loan, shareholder loan, secured intercompany facility), and how repayment priority is contractually ensured vis-à-vis any other liabilities at project level?
Q1.7

6. Security agent / trustee role : Could you clarify: - who is expected to act as security agent or trustee, - under which governing law the security agency agreement will be structured, - and whether the agent has discretion or is strictly bound by bondholder instructions upon default?
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