![]() Recently there was a thread on here about playing multiple instruments and how you might not be as proficient on any one instrument as you would be if you concentrated on just one. Get Chris Jones' Rhythm Guitar DVD-it's excellent." For every 500 banjo players there exists maybe one good rhythm guitar player. "It is very public-spirited of you to learn BG rhythm guitar. So if that's what you're wanting to do, disregard my reply and listen to the guys who actually do it. I've never tried it, and have no experience in bluegrass guitar playing. The day I touched that banjo, found out it was tuned to open G.not only was I jamming in a few minutes, but I got the job, and my life changed forever and I've been hooked ever since.Įdit: After re-reading the original post, and Richards reply, I'd just like to add that my reply above is not bluegrass oriented. A band was forming, had a gig coming up, one guy (not me) had a banjo, but no one knew how to play it. The only reason I play banjo today, is because of my open tuned guitar experience. I think it's easier, and more versitile especially with long fingers and using thumbovers. ![]() I loved it the second I tried it many years ago, and relearned all my chords, and never went back to standard tuning. And as mentioned, if you get into blues, slide blues, electric rock blues etc, open tunings are extreamly popular. It's actually the simpelest way to make simple music on a guitar in only a matter of minutes. If you get to watching music videos, especially rock, you'll see it a lot. I've also seen Dolly Parton use open G tuning, with her long fingernails, so that she only had to barr the neck to make chords. He's made a lot of money and came up with a lot of popular riffs that way, that's for sure. so he took it off, and plays with only 5 strings. One of the best examples of open tuning on the planet is Keith Richards of the Rolling Stones who's Telecaster is tuned to open G and he didn't like the low D string. In fact, other than chord recognition of other players, I don't use standard tuning at all anymore. I've been tuning my guitars to open G and open D longer than I played standard. ![]() open G is less tension and is actually better on your guitar and it's neck.
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![]() And aside from Russia and the United States, other nuclear-armed powers have a few hundred nukes at most. After all, an alpha strike, as previously stated, would have to be comprehensive. Note that these types of weapons are not universally used. These state-of-the-art missiles can reach up to Mach 5, or 4,000 miles per hour, to deliver their payload in minutes from across the Pacific or Atlantic. "But aren't submarines a bit antiquated?" we hear you wondering.Īllow us to introduce you to the hypersonic missile. If fired near their targets, the enemy would have minimal time to respond before their warheads hit. ![]() Engineered to avoid detection and run for long periods in enemy waters, these subs are a key part of the US' nuclear deterrence program, which is why the American government spends $2.4 billion annually to maintain fourteen of them.Ĭollectively, this fleet of ballistic missile submarines are known as "Ohio-class." And though the name might not strike terror into the heart, the fact remains that an Ohio-class submarine, if called into action, can unleash up to twenty-four sub-based missiles with multiple independently targeted warheads. That is why ballistic missile submarines were invented. ( Image courtesy of Federation of American Scientists) And since both American and Russian leaders have their own versions of a “nuclear football” on hand to initiate a launch at any time, you’d have to be extremely quick. In other words, you’d have to wipe out most, if not all, of the enemy’s weapons before they had the chance to retaliate. The catch with an alpha strike is that it would have to be comprehensive. This, in theory, would prevent the enemy from retaliating with their entire arsenal, cutting projected deaths to more “acceptable” levels (albeit still in the millions, in most cases). This leads us to the concept of the “alpha strike.”Īn alpha strike is a preemptive attack on a hostile enemy, first targeting their nuclear weapons and military assets. More bombs, after all, meant more destructive power and, in turn, deterrence to keep the enemy from attacking. Under this principle, the US and USSR rapidly accumulated nuclear weapons during those years. ![]() Essentially: you shoot your nuke at me, and I’ll shoot back until no one’s left alive in either country. But it’s also simple enough for any schoolboy to understand. Practical Protection for a Nuclear Attackĭespite the technological sophistication of nuclear weapons, the doctrine dictating their use- “mutually assured destruction” (MAD)- is caveman-simple.Ĭoined by military analyst Donald Brennan in 1962, the concept was robust enough to maintain a nuclear stalemate between the USSR and America throughout the Cold War. Which is all the more reason to do everything you can to understand these weapons -to prepare yourself and your family for the nightmare scenario of an all-out nuclear attack.Ĥ Steps to Surviving the Immediate Aftermath of a Nuclear Attack So much so that the concept of a “megadeath” (or one million dead from a single attack) was coined to discuss the topics we’re about to cover today. Ultimately, there’s no way to cover this topic without touching on some exceptionally dark material, as the immense power of these weapons is unlike anything else in human history. ( Image courtesy of US Department of Energy) So today, we will show you what that nuclear attack map might look like for 2023.Īfter that, we will dive deep into the specific strategies and weapons most likely to be deployed and the fallout that would result in the aftermath.īut before we begin, a word of warning: what you’re about to read will be grim. After all, it can shape your response in those crucial early moments of crisis and help you plan your response beforehand. In reality, the target of a nuclear strike would vary based on the aggressor and the type of attack.īut as you’re about to see, certain regions of America are at far greater risk than others.Īnd knowing where it will happen -before the nuclear bomb ever goes off -is a potentially life-saving advantage in the face of a cataclysmic nuclear attack. In that case, you’d know exactly when and where the bombs would fall first -and which cities, bases, or locations might be hit in secondary attacks. ![]() What if you had a nuclear attack map before the first warhead went off? ( Image courtesy of Princeton University/Nuclear Futures Lab) ![]() It is the premium software available on Windows, Mac, Android, iPhone, and Android Tablets. It follows a pattern-based music sequencer. FL StudioįL Studio (Formerly as FruityLoops) is a digital audio workstation with an easy to use graphical user interface. – Plug-in and play midi controllers supportĬompatible Plugins: VST, LADSPA 2. – Cross-platform works on Linux, Windows & Linux It also comes with triple oscillator gameboy sound emu, which enables us to make new sounds without using external plugins. LMMS provides plug in and play midi controller support, best suitable for the ones, who want to use the MIDI keyboard. It has many windows almost identical to FL Studio such as piano roll, step sequencer, playlist, mixer and so on. The user interface of LMMS is look-alike to FL Studio. LMMS works on Windows, Linux and Mac platforms. It is a lightweight and a good alternative to FL Studio (Premium) as well. ![]() LMMS is a free and open-source program allows editing sound files on Windows 10 computer. While the other ones are FL Studio, Reaper, Audacity and more. The most useful alternatives to Logic Pro X for the Windows platform is LMMS software. If you are searching for the best options for Logic Pro X on Windows 10, make sure to check your requirements against the software features. Many of them provide better features than the Logic Pro X itself. But there are plenty of Logic Pro alternatives for Windows 10 available in the market. However, Windows users have limitations, because this software is not available for the Windows 10 platform. It can mix and customize audio files comprehensively on a Mac. Developed by Apple, the Logic Pro for Mac has an immersive set of features and is available on many OS X versions. Logic Pro X is an audio editing software and is one of the most used recording studio programs. ![]() I love making history, being part of history, and, thank God, I got to make a little history.”Ĭatch Don’t Me with Dan Dakich every Monday through Friday from 9 a.m. “I pay attention to what’s going on in our world obviously. “You really have to pay attention and refocus when you see something that is far superior than the game of baseball that’s going on around you and your world,” he said. He explained that it’s important for athletes to be able to refocus when things bigger than the sport happen around them. “And again, there wasn’t a dry eye in the in the place. “I pitched game three when President Bush - 43 - came out and threw that perfect strike on the field with a bulletproof vest on in front of the world,” Clemens said. ![]() Bush took the mound to deliver the first pitch ahead of Game 3 of the World Series later that year. The 2-time World Series champion was also on the mound when then-President George W. “And I just couldn’t be prouder to be an American and to see how - and know why - I was protected and felt safe going out to the mound in front of 55,000 people and everything. And the Pentagon had printed up a bunch of photos and about 1000 baseballs I signed on the way over there to see him to hand out. Obviously, they were you know, big fans of the sport of baseball. Item comes with a Tri-Star Productions tamper-proof numbered. “I think in seven or eight days, we saw about 13 or 14,000 troops,” Clemens said. Roger Clemens signed Rawlings official MLB baseball with Rocket and Cy7 inscriptions. Richard Myers, the four-star Air Force General who was at the time Chairman of the Joint Chiefs of Staff.Ĭlemens visited thousands of troops along with comedian Drew Carey. Bush Throw First PitchĬlemens - who said he has numerous military vets in his family - eventually went to the Middle East after getting an invite from Gen. (Photo by Rich Pilling/MLB via Getty Images) Roger Clemens Recalls Visiting The Middle East, Watching President George W. New York Yankees Roger Clemens signed autographed 300 wins baseball COA. ![]() Bush throws out the ceremonial first pitch before Game Three of the 2001 World Series. I mean, it was just like we were in a foreign country,” he said. Fighter jets showed up right over top of us flying down in the area. “I could actually see the buildings and what was kind of going on. Of course, what was going to be a big night for Clemens suddenly seemed insignificant as the world flipped upside down. I was going for my 20th win, which is a milestone for starting pitchers. “My 24 years in the majors pale compared to what happened on 9/11,” Clemens said.” I was a New York Yankee I was actually supposed to pitch that night. He discussed how he was able to refocus himself after the tragedy of 9/11.Įspecially in light of recent events around the world, Dakich asked Clemens what it was like being a member of the New York Yankees and being in the middle of a pennant when terrorists attacked the World Trade Center and how a tragedy of that scale affects players. Relive the careers of fellow 300 game winners with pieces like authentic Randy Johnson signed baseballs and Phil Niekro signed jerseys.7-time Cy Young Award winner Roger Clemens joined OutKick’s Dan Dakich on the latest episode of Don’t Me with Dan Dakich. With Roger Clemens signed memorabilia as the headliner, no baseball collection will disappoint.įans of “The Rocket” should be sure to check out the rest of our MLB memorabilia selection that is home to a number of great items from Hall of Fame pitchers. Baseball fans of all ages and alliances will love the value that many of these rare pieces bring with them, such as our commemorative signed World Series baseballs and signed game-used hats. is home to an incredible array of autographed items from the two-time World Series champ, like signed baseballs, jerseys, and more, all equipped with our lifetime authenticity guarantee. Celebrate the illustrious Major League tenure of this pitching great with a piece of our authentic Roger Clemens signed memorabilia. The career achievements of Roger Clemens are unparalleled, as he has also racked 354 career wins and 4,672 strikeouts. Clemens is an 11-time all-star, seven-time ERA champion, and is the all-time leading Cy Young Award winner with seven victories. The former Red Sock, Blue Jay, Yankee, and Astro has achieved more than most pitchers could ever dream of. Arguably no player in MLB history has put together a career as decorated as that of Roger Clemens. The book is intended for adult readers, due to its graphic and sexual content. What age is Diary of an Oxygen Thief for? The author has stated that the book is fiction, based on personal experience, and not a true story. Is the Diary of an Oxygen Thief a true story? Yes, Diary of an Oxygen Thief is a good book because it is a candid, funny, and well-written memoir about the author’s experiences as a drunken womanizer. Read & Download PDF Similar Books to Diary of an Oxygen Thief Book Diary of an Oxygen Thief PDF Free DownloadĬlick on the download button below to get a pdf file of Diary of an Oxygen Thief book. He has said that he has no plans to write a sequel or anything else, as he feels that the story is complete. In a review of the book, The New York Times called it “darkly funny” and “addictive”.ĭiary of an Oxygen Thief is Anonymous’s only book. His work has been praised by many well-known authors, including Chuck Palahniuk and Bret Easton Ellis. In an interview with The Globe and Mail, he stated that he was inspired to write the book after going through a particularly bad breakup. The book was originally self-published in 2006, and then picked up by Simon & Schuster for re-release in 2016.Īnonymous was born in the United Kingdom and worked in advertising prior to writing Diary of an Oxygen Thief. Book EditionsĪnonymous is the author of Diary of an Oxygen Thief. The book has been translated into French, Spanish, Portuguese, Italian, German, Polish, Dutch, Swedish, Norwegian, Danish, and Finnish. Multiple Languages Editions of Diary of an Oxygen Thief Bookĭiary of an Oxygen Thief book has been translated into multiple languages since its original publication in 2006. Details of Diary of an Oxygen Thief Book Book ![]() She’s different from his ex, and he falls in love with her. As he starts to heal from his heartbreak, he meets another woman. This job is dark and dangerous, but it provides him with a sense of purpose. He gets a job as an oxygen thief – someone who steals oxygen tanks from hospitals. He decides to move away from his hometown, in an attempt to start over. This experience left him feeling broken and betrayed. He was in a relationship with a woman who he loved deeply. ![]() The book is narrated by an anonymous man, who tells his story of love and loss. It’s about falling out of love and trying to put the pieces back together again. This book is a story of heartbreak, and what it feels like to be the one who’s left behind. ![]()
![]() Remove anything that isn't essential to that story. Then explain how to deal with it, again with supports. Start with the problem and support it with stats, examples, and quotes. Build a story Now, group the content together and start to build a story flow. Grab any facts or quotes that you feel are essential to support your points. ![]() The easiest way to do this is to build an outline of your post using the headlines, subheadings, and bullets. Focus on the key points With such a small number of scenes available, you need to pare your content down to the essentials. That also includes intro and outro scenes. For a one minute video that is 12 scenes, and just 18 scenes for 1.5-minute videos. So, if you break your video down into scenes, each one needs to be a minimum of 5 seconds. A note about timing Getting the video timing right can be hard - you want the total length to be somewhere between 1 and 1.5 minutes, but you need to also give the viewers time to read and digest each key point. This will be essential for the more manual tools and will help refine the content for the automatic ones. First Build a storyboard Regardless of which tool you end up using, the first thing to do is define the key points you want the video to cover. The first tool I will use is Lumen5, which uses AI and a simple interface to enable you to quickly build videos with minimal effort. For each tool, I will document the time, process, and cost associated with it, as well as showcase the videos themselves. But, how can you fit building these videos into your team's already busy schedule? In my next series of posts, I will use several different tools ( Lumen5, Content Samurai, Adobe Spark ) to create a video based on a blog post I published in the past. After putting all that effort into writing a great blog post, wouldn't it be nice if you could publish a video based on that same content? Video can dramatically increase reach and exposure, generating 1,200% more shares than text and images combined, so being able to quickly and easily create good quality videos is critical. Simply replace your traditional toilet bowl cleaner with the Flush ‘n Sparkle™ system and let it do the work for you. Fluidmaster’s Flush ‘n Sparkle™ cleaning system is a great option, as it provides a powerful cleaning solution with every flush. Over time, mineral buildup and bacteria can accumulate, leading to unpleasant odors, stains, and even potential health risks. One of the most effective ways to keep your toilet bowl clean is by using a quality toilet cleaner. That’s why we’re excited to share with you an easy and effective way to keep your toilet bowl clean.įirst off, let’s talk about why it’s so important to keep your toilet bowl clean. We know that keeping your toilet clean is important not just for aesthetics, but also for maintaining a healthy home. This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.“I didn’t know my toilet could look this good without scrubbing”….says an independent review of Flush ‘n Sparkle on Architectural Digest YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. The test_cookie is set by and is used to determine if the user's browser supports cookies.Ī cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. The cookie is set by Snapchat to show relevant ads to the users by tracking user behaviour on Snapchat. This cookie is used for advertising, site analytics, and other operations. The cookie helps in reporting and personalization as well.įacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.īing sets this cookie to recognize unique web browsers visiting Microsoft sites. The ANONCHK cookie, set by Bing, is used to store a user's session ID and also verify the clicks from ads on the Bing search engine. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. These cookies track visitors across websites and collect information to provide customized ads. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.Īdvertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. ![]() ![]() Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. The pattern element in the name contains the unique identity number of the account or website it relates to. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.Ī variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. ![]() Analytical cookies are used to understand how visitors interact with the website. ![]() It does not store any personal data.Īnalytical cookies are used to understand how visitors interact with the website. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". ![]() Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. įollow Mossy Oak on Facebook, Twitter, Instagram, Google+, Pinterest and YouTube. , MLF and Cabela’s Collegiate Bass Fishing Series. Mossy Oak is the official camouflage of the National Wild Turkey Federation, Ducks Unlimited, Quality Deer Management Association, and Mack’s Prairie Wings and the official pattern of the NRA, B.A.S.S. is the parent company of Mossy Oak, BioLogic, Capture Productions, MOOSE Media, Nativ Nurseries, Nativ Living, GameKeepers, GameKeepers Kennels and Mossy Oak Properties. The Mossy Oak Brand and patterns can be found on a multitude of products worldwide. For more than 30 years, Mossy Oak has been a leading outdoors lifestyle brand that specializes in developing and marketing modern camouflage designs for hunters and outdoors enthusiasts. is headquartered in West Point, Miss., and is home of Mossy Oak. Plano Synergy is an official licensed partner of Haas Outdoors Inc. This partnership will also leverage the new Mossy Oak GO video streaming service that offers completely free, uninterrupted programming via multiple streaming devices.įor more information on Plano Synergy, visit To learn more about Mossy Oak or to enjoy free, timely and entertaining outdoors content, visit . In addition to this product partnership agreement, Mossy Oak and Plano Synergy will undertake extensive co-marketing efforts that include all digital, linear and social media for both Mossy Oak and Plano Synergy. “Our relationship with Mossy Oak has grown over the years, and we look forward to continued growth through this new partnership.” Aligning with an outdoor leader that’s weaving a similar legacy is important to us,” said David Dudick, Chief Executive Officer at Plano Synergy. We have Plano Synergy brands dating back 50-plus years, and that’s not something to take lightly. We look forward to working together in this multi-year collaboration.” “Mossy Oak is extremely proud to be awarded this position as the premier camo offering at Plano brands. “Plano Synergy is comprised of some of the most recognized, accessible brands in the outdoors space,” said Chris Paradise, Chief Sales Officer and Senior Vice President at Mossy Oak. Plano has chosen to partner with the number one camo brand in the industry including the official camo of the QDMA, Break-Up Country, NWTF’s official camo, Obsession, the official pattern of B.A.S.S., Elements Agua, Shadow Grass Blades, the official camo of Ducks Unlimited, original Bottomland and other proprietary camouflage patterns from Mossy Oak, the Official Camo of Conservation. No matter your outdoors pursuit, Plano Synergy’s family of brands has a product to meet those demands. The partnership encompasses Plano Synergy’s entire product line that includes archery, fishing, hunting, game cameras, blinds and more. Mossy Oak is joining forces with Plano Synergy, entering into a wide-reaching partnership with Plano Synergy’s heralded group of brands in the outdoors industry. ![]() Customer and their legal advisors should consider this and obtain such rights, if necessary, before purchasing, downloading or using any Assets. The burden is on the Customer to confirm that it has any rights outside of the editorial restrictions Customer understands and agrees that certain Assets may contain third party copyrighted or trademarked material and will require additional licensing, permissions, releases, or rights clearance for any non- editorial use. P->position, v->velocity, force->acceleration, life->lifespanPP, Cd->rgbPP, Alpha->. These plug-ins let game devs load Houdini Digital Assets which can be created in Houdini Indie or downloaded from the Unity Asset Store and the Orbolt 3D Smart Asset store. Houdini Available attribute in Houdini Engine for Maya. These restrictions do not apply if Customer otherwise has all the intellectual property rights necessary for its intended use (such as a company purchasing its own products, authorized advertising agencies, or licensees). Houdini Engine Indie is free Houdini Engine Indie works with all of the Houdini Engine plug-ins including Unity, UE4, Autodesk Maya, Cinema 4D and Autodesk 3DS Max. ![]() Editorial uses include, without limitation, use of the Asset in a news program, news-related website, or news-related video media. This whole process takes place in the background with extremely low overheads, is non-intrusive and the user sees the result, just as with any standard Generator in Cinema 4D. Customer may only use the Asset for legitimate, editorial purposes on some issue of journalistic, editorial, cultural or otherwise newsworthy value. The Houdini Engine processes the asset, translates the node-based Houdini setup that was used to create the HDA, cooks the result and returns it to Cinema 4D. If anyone has any kind of information regarding Houdini Engine for Maya and how licensing or env variables, I'll be very interested.The Author grants to Customer in respect of the Asset a non- exclusive, worldwide, license in any medium now known or hereinafter invented to: (a) reproduce, post, promote, license, sell, publicly perform, publicly display, digitally perform, or transmit for promotional and commercial purposes (b) use any trademarks, service marks or trade names incorporated in the Asset in connection with Author material and (c) use the name and likeness of any individuals represented in the Asset only in connection with Customer material. Build networks that define a recipe that can be applied over and over, then wrap them up to create custom smart assets. Haven't actually found anyhting but maybe it can help finding a solution. Houdini Engine brings a procedural node-based approach to your favorite app. I look over the web for solutions and there's a similar issue with Unity, but the workaround didn't work in my case.Īlso, I have been learning and experimenting on an Apprentice license for multiple years, which means I might have some old files related to that in my system. I'm using Maya 2019 and Houdini 19.0.498 (python 3) HAPI_LICENSE_MODE unset or is set to 'default' meaning Houdini Engine will first try to acquire a Houdini Engine license and if one is not found it will try to acquire an interactive Houdini license (Houdini Core then Houdini FX). Error: HAPI Error: No Valid Licenses Found Error: Could not load OTL file: Path to my OTLs folder // Other than that, it comes down to whether you. No problem during the installation and the plugin seems to load properly into Maya, but as soon as I'm trying to load an asset from the houdini Engine menu, I'm getting that error : In general, Houdini is much better at dynamic simulations while Maya is much better at modeling and animation. I've been able to install it using the Houdini Engine Plugin Installer found in houdini's shelves. I have been owning a Houdini Indie licence, bought on Steam for almost a year now, and I'd like to try out Houdini Engine for Maya. After several hours of unsucceful troubleshooting, I'm getting out of ideas and solutions. This also leads to higher transaction costs on account of the legal expenses involved in designing the project structure, dealing with project-related tax and legal issues, and the preparation of necessary project ownership, loan documentation, and other contracts. The complexity of project finance deals is due to the need to structure a set of contracts that must be negotiated by all of the parties to the project. The cost of capital arranged through this route is high in comparison with capital arranged through conventional routes. In spite of these advantages, project finance is quite complex and costly to assemble. And, since the investors will have a financial stake in the project, it is also in their interest to maintain confidentiality. ![]() In the project finance route, the sponsors can share the information with a small group of investors and negotiate the price without revealing proprietary information to the general public. Where equity funds are to be raised (or sold at a later time so as to recycle capital) through market routes (for example, Initial Public Offerings ), the project-related information needs to be shared with the capital market, which may include competitors of the project company/sponsors. This is a benefit of raising equity finance for the project (however, this advantage is quite limited when seeking capital market financing (project bonds). As the project company has a finite life and its business is confined to the project only, there are no conflicts of interest between investors and the management of the company, as often happens in the case of traditional corporate forms of organization.įinancing projects through the project finance route may enable the sponsors to maintain the confidentiality of valuable information about the project and maintain a competitive advantage. Similarly, as the capital is returned to the funding agencies, particularly investors, they can decide for themselves how to reinvest it. In traditional corporate forms of organization, corporate management decides on how to use the free cash flow - whether to invest in new projects or to pay dividends to the shareholders. The project finance route empowers the providers of funds to decide how to manage the free cash flow that is left over after paying the operational and maintenance expenses and other statutory payments. ![]() This helps in reducing the risk exposure of the project company. ![]() The basic structure of project finance demands that the sponsors spread the risks through a network of security arrangements, contractual agreements, and other supplemental credit support to other financially capable parties willing to assume the risks. Project finance also permits the sponsors to share the project risks with other stakeholders. Sponsors can raise funding for the project based simply on the contractual commitments. The project finance route permits the sponsor to extend their debt capacity by enabling the sponsor to finance the project on someone's credit, which could be the purchaser of the project’s outputs. Project finance is a useful tool for companies that wish to avoid the issuance of a corporate repayment guarantee, thus preferring to finance the project in an off-balance sheet manner. Financing infrastructure projects through the project finance route offers various benefits such as the opportunity for risk sharing, extending the debt capacity, the release of free cash flows, and maintaining a competitive advantage in a competitive market. |
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