# Performance Deviations

Infrastructure cashflow reflects real-world operations and can vary over time.

If revenue is lower than projected, Token Holder distributions adjust in line with actual asset cashflow.

If a payment is late, the Recipient has 5 business days from the payment date to rectify before any penalty applies. After that, a penalty accrues at the lesser of 10% per 30 business days or the maximum permitted under applicable law.

If a payment remains unpaid beyond 30 business days, this constitutes a First Payment Default. The Recipient then has a further 60 business days following written notice from the Collateral Agent to cure the default before formal enforcement is triggered.

If a second payment is missed within any rolling 12-month period and remains unpaid beyond 30 business days, this constitutes an automatic Event of Default with no further notice or cure period required.

Where an Event of Default is triggered, investor protections such as collateral or guarantees may be exercised where available and legally enforceable.

Outcomes depend on asset performance, counterparty conduct, contractual terms, and jurisdiction.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://refihub.gitbook.io/refi-hub/how-refi-hub-works/performance-deviations.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.
