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Clawback

Definition: [crh] The ability to recover prior project cash flow that may have been distributed or paid away as dividends to sponsors. Definition: [crh] A dividend clawback is an arrangement whereby the equity owners commit to use dividends they have received in the past to finance the cash neeDefinition: ds of the project or corporation in the future. Clawback has a more general definition. For example, premiums paid on an insurance policy may be refunded (or clawed bacDefinition: k) if the policy is cancelled in a certain time frame. Such an arrangement is specified in the contract and referred to as a clawback provision.

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