Macedonian Railways definition

Macedonian Railways or “MR” means PE Macedonian Railways Unltd- Skopje, the entity in charge of all railways operations in the Guarantor’s territory and established as a public enterprise by the Guarantor’s Decision No. 21-4064/1 on November 22, 1989 and legally succeeded by MR Transport JSC – Skopje (hereinafter defined) and PE MR Infrastructure – Skopje (hereinafter defined).
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Macedonian Railways means PE Macedonian Railways Unltd-Skopje, the entity in charge of all railways operations in the Borrower’s territory and established as a public enterprise by the Macedonian Railways’ Legislation (hereinafter defined), and shall include any successor thereto charged with railways infrastructure management.
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Examples of Macedonian Railways in a sentence

  • The Borrower shall make available: (i) the goods and services under Parts II and IV (ii) of the Project and financed out of the proceeds of the Loan to Macedonian Customs Administration, and (ii) the goods and services under Parts IV (i) and IV (iii) of the Project and financed out of the proceeds of the Loan to Macedonian Railways, under arrangements acceptable to the Bank.

  • The Additional Event of Suspension consists of the following, namely that the FNRR’s Legislation, Macedonian Railways’ Legislation or Macedonian Customs Administration’s Legislation has been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of FNRR, Macedonian Railways or Macedonian Customs Administration to perform any of their respective obligations under this Agreement.

  • The Borrower shall ensure that Macedonian Railways shall maintain a Project coordinator on terms of reference satisfactory to the Bank.