Article 118 of Commercial Law No. 12 of 1966
Article text
1 - في عقود فتح الاعتماد المالي يلتزم فاتح الاعتماد ان يضع بعض الاموال تحت تصرف المعتمد
له فيحق له ان يتناولها
دفعة واحدة او دفعات متوالية بحسب احتياجه خلال ميعاد.
2 - ان ما يوفيه او يرجعه المعتمد له في مدة العقد يضاف الى المتبقي من المبلغ الموضوع
تحت تصرفه ما لم يكن هناك اتفاق
مخالف.
Source: the supplied Legislation and Opinion Bureau edition. Transcription does not certify the latest amendments or continuing force of every provision. Electronic extraction can produce formatting differences, particularly in tables; consult the official source for legal reliance.
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