• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Legal news and practical information on the law with model letters, attestations, cover letters, Syntec indices, swift codes, cnaps codes and conventional salary grids 2021

  • Home
  • News 2021
  • Human ressources
  • Letters
  • Commercial
  • Useful
  • Certificates
  • Cnaps Codes
    • Agricultural Bank of China
    • Agricultural Development Bank Of China
    • Bank Of Communications
    • Bank Of China
    • China Construction Bank
    • China CITIC Bank
    • City commercial bank
    • Urban credit cooperatives – page 1
    • Urban credit cooperatives – page 2
    • Cnaps Codes Urban credit cooperatives 城市信用社 – page 3
    • China Development Bank
    • Everbright Bank
    • Foreign banks
    • Guangdong Development Bank
    • Cnaps Codes Huaxia Bank
    • Import Bank of China
    • Industrial Bank
    • Minsheng Bank
    • Pudong Development Bank
    • Shenzhen Development Bank
    • Rural commercial banks
  • Swift codes
    • American Swift codes
      • Central american Swift Codes
      • North american Swift Codes
    • Asian Banks Swift Codes
    • Oceania Swift Codes
    • European Swift codes
    • African Swift Codes
You are here: Home / Letters / Template letter of subordination of loan and continual financial support
Template letter of subordination of loan and continual financial support

24/03/2021 at 21:52 by Pascal Leave a Comment

Template letter of subordination of loan and continual financial support

A letter of subordination of loan and continual financial support is often requested by banks for the creation of a foreign subsidiary.




It’s a guarantee for the bank in case of default of the subsidiary.

The document is usually to be signed by the company’s director and / or its shareholders.

Template letter of subordination of loan and continual financial support
Download a letter of subordination of loan and continual financial support

Subordination of loan and continual financial support

<On company letterhead>

<Date of the day>

The Board of Directors

<Company name>

<Address>

Dear Sir,

In view of the excess of liabilities over assets of <Company name>, disclosed by its accounts for the period from <Date of incorporation> to <Period end date>, and in order that the position be rectified to avoid the risk of that Company being said to continue business.

Subordination of loan

We, the related company, hereby confirm that the amount due by this Company to us are hereby subordinated to the prior payment in full of all indebtedness and liabilities of this Company and that it is our intention to continue to subordinate our claims to that of other creditors.

Continual Financial Support

We, the shareholders, hereby confirm that we continue to support the aforesaid company for the coming year and that sufficient fund will be made available to this company to meet its liabilities as they fall due.

Yours faithfully

<Company name>

<Director name and first name>

Signing

To use and personalize this subordination of loan and continual financial support letter sample, you just have to copy-paste the text of this article in your word processor (Microsoft Word or Open Office Writer), or in your email program.

A lire :
Template letter of representation for free downloading
  • About
  • Latest Posts
Pascal
Follow me
Pascal
Confronted with recurring tax, Human Resources and Administrative problems due to my professional activity, I share here my experiences and my knowledge.
Pascal
Follow me
Latest posts by Pascal (see all)
  • Model certificate of refusal of vaccination to free download - 28/03/2021 at 17:56
  • Template letter of subordination of loan and continual financial support - 24/03/2021 at 21:52
  • Template ethical commitment letter for free download - 02/03/2021 at 09:24

Filed Under: Letters

This article was helpful to you ? Do not hesitate to post a comment and share it on social networks.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Footer

Recent Comments

  • Gan Soh Ai on CNAPS Codes
  • Rolf van Otterlo on Cnaps Codes Agricultural Bank of China 中国农业银行
  • La rédaction on Hotel room reservation for free downloading
  • Harry Simon on Hotel room reservation for free downloading
  • English

Search:

Recent Posts

  • Template certificate of attendance to free download
  • Model certificate of refusal of vaccination to free download
  • Template letter of subordination of loan and continual financial support
  • Template ethical commitment letter for free download

Copyright ®2021 - Niourk LLC – Site d’actualités, d’informations juridiques et financières - 法律 – Les auteurs - Les applications Android et pour votre Iphone.

Our site uses cookies to improve navigation, provide you with targeted content and advertising. By staying on our site you accept their useAll in agreement Reject Personal data processing (RGPD).

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT