Non-Binding Comfort Letter

Document Summary

This non-binding comfort letter is provided by the borrower’s parent company to the lender, assuring the lender of the borrower's financial stability and the parent company's commitment to managing the borrower's finances adequately.

Importantly, it clarifies that the letter does not create a legally binding promise or representation regarding the borrower's obligations or solvency.

Description

This non-binding comfort 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 Emirate of Dubai.

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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