The full form of FRL Bank, in the context provided, refers to banks involved in foreign revolving loans.
Based on the provided reference, the definition is:
FRL Bank means each Bank with a Foreign Revolving Loan Commitment or with outstanding Foreign Revolving Loans.
In simpler terms, an FRL Bank is a bank that either:
- Has committed to providing a Foreign Revolving Loan (Foreign Revolving Loan Commitment), or
- Currently has Foreign Revolving Loans that have not been fully repaid (outstanding Foreign Revolving Loans).
This indicates that the "FRL" stands for Foreign Revolving Loan. Therefore, FRL Bank means a bank dealing with these types of loan agreements.
