STYLE OF LETTER OF NON-REACTIVATION AND UNDERTAKING TO BE TYPED ON THE HEADED LETTER PAPER OF [ ] LIMITED
To: [ Bank ]
Dear Sirs
[ ] Limited ("the Company")
We hereby confirm that the Company is our subsidiary Company in terms of Section 1159 of the Companies Act 2006 and does not, at this time, trade, carry on any business or hold any assets. We further confirm that neither we nor any of our other present or future subsidiary companies will transfer any of our or their assets or undertakings to the Company or to any other company which may hereafter become our subsidiary in terms of Section 1159 of the Companies Act 2006, without your prior approval in writing and that we will procure that no assets will be acquired by the Company from any other source. We will further procure that the Company will not at any time in the future carry on any trade or business without your prior approval in writing.
Yours faithfully
For and on behalf of
[ ] Limited
Dated
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Tags: letter of, headed letter, undertaking, style, nonreactivation, letter