Letter of Comfort
We, [name of issuer], are referring to the Long Term Loan (investment credit) Agreement №
….. dated …….. between [name of Borrower] and ………….. Bank .
In support of the application of [name of Borrower] we herein state and confirm that we have
been duly informed and we are fully aware of all the terms and conditions of the subject
Agreement № …..for a total amount of ………….. (in words), for financing of …………..
We understand that this decision to extend the above mentioned Long Term Loan of the
aforementioned company [name of Borrower] was based also on the acknowledgement of
evaluation of our credibility of [name of Issuer].
It is in our economic interest to ensure that the business of [name of Borrower] is run at all
times so that it is in a position to meet its liabilities and financial obligations to you under the
Long Term Loan Agreement № …… . That is why we assure you and undertake to place
proper management and control so that [name of Borrower] is in a position to fulfill and serve
its obligation and commitments, including its obligations to your Bank for the above credit
This letter of comfort applies for the full period of the facility, subject to financing of Long
Term Loan extended under Agreement № ….. dated ……..
We herein confirm that the issuance of this Letter of Comfort is duly authorized by us and that
it is duly signed by us, [name of Issuer and his identification]
For and on behalf of [name of Issuer].
[Name and title of the signatory]