Financial commitment means the amount of direct investments outside India by an Indian Party –
by way of contribution to equity shares or CCPS of the JV / WOS abroad
contribution to the JV / WOS as preference shares (for reporting purpose to be treated as loan)
iii. as loans to its the JV / WOS abroad
100% of the amount of corporate guarantee issued on behalf of its overseas JV/WOS and
50% of the amount of performance guarantee issued on behalf of its overseas JV/WOS.
bank guarantee/standby letter of credit issued by a resident bank on behalf of an overseas JV / WOS of the Indian party, which is backed by a counter guarantee / collateral by the Indian party
vii. amount of fund/ non fund based credit facility availed by creation of charge (pledge / mortgage / hypothecation) on the movable / immovable property or other financial assets of the Indian party / its group companies
(Note: The amount and period of the guarantee should be specified upfront).
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