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https://www.lexology.com/library/detail.aspx?g=da29dd02-1b1b-4f13-bc68-67d19fbb20b1
May 14, 2013 · The High Court has decided that letters of support provided by a parent company did not have contractual force. The letters did no more than provide …
http://www.mwblaw.dk/en/Nyheder/Nyheder%202011/2011-10-28%20Moderselskabets%20afgivelse%20af%20stoetteerklaering.aspx
The parent company's letter of support Date 1 nov. 2011 The case in brief. On 27 June 2011, The Supreme Court gave judgment in a case concerning a parent company’s (hereinafter the ”Parent Company”) letter of support to one of the subsidiary company’s (hereinafter the ”Subsidiary”) trading partners (hereinafter the ”Trading Partner”).
https://www.pwc.com/ee/et/home/Kinnituskirjad/Comfort_letter_inglise_keeles.docx
[the name of the parent company] is willing to provide immediate financial support to [the name of the subsidiary] in case of its financial difficulties provided that the Company’s Management Board has submitted a reasoned application for that purpose, and if necessary, invest additional funds essential to ensure that the [the name of the ...
https://www.investopedia.com/terms/l/letterofcomfort.asp
This is because in the worst-case scenario, where the subsidiary is unable to repay the debt, the parent company may either be on the hook for the full amount if the letter of comfort was poorly ...
https://corporatefinanceinstitute.com/resources/knowledge/other/comfort-letter/
A comfort letter is a document of assurance issued by a parent company or an accounting firm to reassure a subsidiary company of its willingness to provide financial support. It is an affirmation letter, not a confirmation letter, that offers backups where a customer …
https://www.hkma.gov.hk/media/eng/doc/key-functions/banking-stability/guide-authorization/Annex-1.pdf
Sample Letter of Comfort [The letter should be on the parent bank’s letterhead] To: The Monetary Authority . Subject: [Name of AI] (“the Company”) The Banking Ordinance, Cap 155 (“the Ordinance”) In support of an application by the Company for authorization as [ ] under the Ordinance, we state and confirm the following: 1.
http://uitgeverijlarcier.larciergroup.com/modele/larciernl/content/extra/sbc2006/Letter%20of%20Comfort.doc
A parent company may be called upon to provide some comfort to a party entering into a contractual relationship with its subsidiary. This comfort may take the form of a guarantee of some undertakings by the subsidiary (see model: Guarantee Agreement) or may be in a weaker form which is generally known as a Letter of Comfort (“patronaatsverklaring/lettre de confort”).
http://www.shankce.com/word/Parent%20Company%20Guarantee.doc
Parent Company Guarantee is a written undertaking by Contractors ultimate parent to Client, guaranteeing performance and undertaking to complete obligations under the Contract in the event of default in Contractor’s performance (a subsidiary of such parent).
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