To your first two questions, the Right Of First Refusal[0] has a long history of being a financial instrument for just about anything. I see no reason why this

To your first two questions, the Right Of First Refusal[0] has a long history of being a financial instrument for just about anything. I see no reason why this would be something different. The current system, to me, has just as much entitlement, just from the other side. Why should it be some unrelated party that benefits from the lender's misfortunes. The lending is between two parties, and it seems reasonable to keep it that way unless both parties agree not to. [0] https://en.wikipedia.org/wiki/Right_of_first_refusal https://en.wikipedia.org/wiki/Right_of_first_refusal