1. Representations.
It’s clearly outlined that “Party A” Genet Air Limited represented as the Provider of the Instrument shall Provide a Standby Letter of Credit or Cash Deposit (Collateral)
“Party B” is the one responsible for the generation of funds from his Private Bank and will be considered as the Receiver and Credit Facilitor.
The Parties therefore, with full corporate responsibility and legal authority, represents and warrant that they can fulfill their requirements of this agreement and provide their asset and/or service(s) referred to herein, and by the terms agree upon hereafter.