RIN II • 094 Alpha Group Capital LLC return to the infrastructure provider's shareholders. In a termination for infrastructure provider's default, the project assets are often transferred to the relevant counterparty in return for compensation to the infrastructure provider. Typically such compensation will be used to pay down the infrastructure provider's debt obligations, but will often be insufficient to ensure full repayment. In a no-fault termination scenario the levels of compensation will often be designed to be sufficient to repay the infrastructure debt obligations in full, with a limited surplus to be returned to the infrastructure providers shareholders. Payment of such termination compensation is subject to the risk of a payment default by the relevant authority. There is also a risk that the assets at termination or upon expiry of the project/concession agreement will not be in the prescribed condition for delivery to the relevant counterparty. If the infrastructure provider and/or its lenders receives insufficient compensation upon a termination, proceeds received by the Issuer on the related Collateral Obligation could be adversely affected. Development Risks The Issuer may invest in further infrastructure debt relating to 'greenfield' assets. 'Greenfield' assets involve undeveloped land which will not produce income until development of the property is completed and the project is operational. Accordingly, any investments in loans to Obligors involved with 'greenfield' assets will be subject indirectly to the risks relating to the availability, expense and timely receipt of zoning, permitting and other regulatory approvals (including approvals for complementary facilities such as service areas), the cost and timely completion of construction of the infrastructure asset (including risks beyond the control of the Obligor, such as weather, labor conditions, material shortages and cost overruns) and the availability of both construction