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Casualty event threshold for GPUs

How much damage to the GPUs triggers mandatory prepayment? The casualty definition decides when damage triggers insurance proceeds and prepayment. The two filed definitions differ by one word.

'All or a portion' against 'all or a material portion'2 filed deals · as at 27 October 2026

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As at 27 October 2026. This page keeps its address when it is updated, so it can be cited. If a newer filing changes a term, tell us.

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Levels are taken from the filed documents quoted above and summarised in the clause library. Where only a few deals are public, the range is narrow by necessity; a private deal can sit outside it. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.

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