Glossary / finance terms
Recognition agreement
An agreement under which a third party, such as a backstop provider, recognises a lease and agrees what happens on the tenant's default.
In the filed deals
Cipher's Barber Lake recognition agreement with Fluidstack and Google sets out Google's options on a Fluidstack default.
For in-house counsel
Recognition agreement in the filed documents
Where the term turns up in filed contracts and what is market, for the lender’s or the borrower’s side. Previews are open; the full text is free with InfraCompute Weekly.
- What’s market: Hyperscaler lease backstop (recognition agreement)What does a hyperscaler backstop of a neocloud lease actually commit to?
- Contract library: Hyperscaler recognition agreementsWhat does the hyperscaler backstop actually commit to?
- Clause library: Hyperscaler recognition agreement (lease backstop)Google's recognition agreements with TeraWulf and Fluidstack are the filed example of a hyperscaler backstop. If Fluidstack…
- The legal desk for in-house counselContract library, issues lists, checklists and English law notes.
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Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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