She said discoms are taking a loan of ` 11,000 crore and this is a comfort letter
for that which is just a formality.
Financial backers and debt providers of Core Citadel Capital platform company Egyptian Refining Company have received a renewal of its comfort letter
from the Government of Egypt, signaling unwavering state backing for the strategic $3.
Finally, the SEC has suggested that receiving a comfort letter
from attorneys, broker-dealers, and accountants of the investor may be enough for the issuer to rely on the investor's claim of accreditation.
The comfort letter
included a clause which prevented Sir Stelios from speaking negatively about the airline, while also preventing him from either setting up a rival airline or becoming a significant holder in another carrier.
The time lag imposes financial burdens on companies since they cannot reflect in their financial statements the changes to the Act presaged by the comfort letter
This comfort letter
included a 'mutual respect' clause which prevented Sir Stelios from speaking negatively of the airline, while also preventing him from either setting up a rival airline or becoming a significant holder in another carrier.
The government gave a comfort letter
guaranteeing that PLN would meet its obligation to the investors.
On the issue of comfort letter
, the source said as per this letter, the Government of Pakistan would have to allow a third country to import gas through IP pipeline in the event of any such country joining the project in the future.
Fayyad is seeking a so-called comfort letter
from the Washington-based international lending agency to obtain short-term private bank funding, the sources said, speaking on condition of anonymity.
Underwriters are required to obtain a comfort letter
from the accountants as part of their due diligence under the securities laws.
As part of the due diligence process, the initial purchasers, like underwriters in a registered offering, require, as a matter of practice and custom, an accountant's comfort letter
on all financial information contained in the OC, and disclosure or negative assurance letters from both the initial purchasers' and the company's respective counsel.
The Company has negotiated a comfort letter
with the Neskantaga First Nations and will be utilizing their facilities for logistical purposes for at least the first half of the program.