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abas406 |
dexia
Aug 17 2009, 10:22 AM EDT
Our Bank Instruments, as specified and agreed upon by contract/agreement, are assigned in personal or corporate name and are primarily used for provision of a project, commercial endeavors, balance sheet and credit enhancement. The Bank Instrument is made available as an enhancement instrument only. Applicant/Borrower may assign the rights to use the Instrument. However, ownership will not be transferred. Borrower is not permitted to sell or pledge the Instrument. If Applicant/Borrower wishes to sell/pledge the Instrument, arrangements can be made with the banks congruent with banking rules and regulations during any time of the validity of the Bank Instrument. |