DRAFTVGF Template Agreement • June 9th, 2022
AKLA General Comment: While we do not find an issue with a single agreement being stipulated for the Capital and Operational VGF, the general practice has been to execute an Equity Funding & Utilization Agreement for the Capital VGF and an Operational VGF Agreement (e.g., a MRG Agreement) for the Operational VGF. Structurally, the matter is dealt on a transaction-to-transaction basis.
