“The obliger is currently not in default under any of its outstanding securities for which United States Trust Company of New York is Trustee.”
“In the event the obliger discontinues the project, the assets acquired fully or substantially out of the grants given by the Government will revert to the Government grant.”
“The issuance was through the bank's leasing subsidiary, Bereket Varlik Kiralama, while the obliger is Al Baraka Turk Participation Bank.”