FACL definition
Examples of FACL in a sentence
The CO shall make final decisions on any remedial actions implemented or erroneous payments approved by LSC, FACL or COR as appropriate.
Ground covering and rain/shade protection (such as waterproof tents, awnings, and canopies) shall be provided and set up over all waiting areas unless exempted by the FACL or LSC.
To the extent that Liabilities arising under Historic FACL Bonds in any calendar year exceed the Annual Deductible, the excess of such Liabilities for such year over the Annual Deductible shall constitute Excluded Liabilities for purposes of this Agreement, including Section 5.3(b) hereof.
If applicable to the fee structure set forth in the applicable SOW, within 15 days after the end of each calendar month, Customer shall provide FACL with a usage or royalty report that sets forth a detailed and accurate statement of the usage and gross revenue earned with respect to that month, together with payment.
FACL’s issued and paid-up share capital is held in equal proportions by ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ and ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Koh Min, who are both directors of FACL.
FACL may, at its own expense, select an independent auditor to audit Customer for the purpose of ensuring Customer’s compliance with the terms and conditions of this Agreement, after providing Customer with reasonable notice.
Letter dated March 23, 2004 from the UK Financial Services Authority approving the changes of controllers of FACL and FICL that would occur upon a transfer of the entire issued share capital of FACL.
If Customer breaches this Agreement after receiving two prior breach notices within the term of this Agreement, FACL may automatically terminate this Agreement without providing further notice.
It is expected that the business and assets of FACL will be transferred to Financial New Life Company Limited (“FINCL”) pursuant to a scheme under section 105 of the Financial Services and Markets Act 200 (the “105 Scheme”).
FACL is an investment holding company incorporated in the British Virgin Islands.