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The moment at which depleted capital must be renewed—a structural location where capital continuity is uncertain, institutional survival is at stake, and authority is implicitly concentrated. The choke point exerts influence backward in time, reshaping institutional conduct long before any decision is made.
A three-year philanthropic grant approaching expiry. The funded institution begins adapting priorities toward funder preferences months before formal review—not because of any instruction, but because survival depends on approval at the renewal point.
CC Section 2