Tools / What's market / Customer step-in to the supplier's financing
What's market · Customer contracts
Customer step-in to the supplier's financing
Can the customer keep paying the supplier's financing if the supplier fails? Microsoft's partner statement of work with IREN asks the supplier to procure a side letter so that, on the supplier's insolvency, Microsoft may keep paying the financing and colocation obligations and keep receiving the service.
One filed example: Microsoft's option under the IREN statement of work1 filed deal · as at 27 October 2026
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.
More on customer contracts
Related positions
Customer direct agreement in GPU financings
Before the first draw, by closing, or only as negotiated
Customer contractsHyperscaler lease backstop (recognition agreement)
90 days to find a tenant, then assume or reject
Customer contractsData centre access and step-in letters for GPU lenders
Within 120 days on an efforts basis, or per site at closing
Method
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.
