Risk Letter definition
Risk Letter means a letter to the Purchaser from the Commissioner stating that, if the Purchaser completes the transactions contemplated by this Agreement, it would be doing so at its own risk.
Examples of Risk Letter in a sentence
Each Obligor agrees, to the fullest extent it may effectively do so under applicable law, that any holder of a participation in a Loan, or risk participant with respect to any Shared Risk Letter of Credit Obligations, whether or not acquired pursuant to the foregoing arrangements, may exercise rights of setoff or counterclaim and other rights with respect to such participation as fully as if such holder of a participation were a direct creditor of such Obligor in the amount of such participation.