Binding Comfort Letter

Document Summary

The provided document is a binding comfort letter issued by a parent company or related entity to a lender, assuring the lender of its subsidiary's financial stability and commitment to meeting loan obligations.

 It confirms approval of the loan facility terms for the subsidiary, assures the subsidiary's financial stability, and commits to maintaining its financial resources.

Description

The letter contains provisions that require the parent company to provide prior notice to the lender before disposing of its interest in the subsidiary and provides reassurance to the lender regarding the subsidiary's financial position.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

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