Examples of Letters of Undertaking in a sentence
These three financial institutions - IREDA or PFC or REC may issue such Letter(s) of Undertaking to pay only after securing their financial interests taking into account the security(ies) available with them as per their policy and after due diligence.
These non-banking financial institutions would ensure that the security(ies) available with them are enough to cover full risk/ or exposure, which may arise on account of issue of such Letter(s) of Undertaking.
Nevertheless, the Letters of Undertaking sent by the Canadian subsidiaries of the US "Big Four" (i.e. GM, Ford, Chrysler and American Motors)78 were eventually made public in the course of the debate by the US Congress of the Automotive Products Trade Act, 1965.
This confirms that compliance with the Letters of Undertaking is actually ascertained by the Canadian Government.
On the one hand, Canada contends that the European Communities and Japan have not proven their allegations that the Letters of Undertaking were submitted at the request of the Canadian Government.