MRD Account definition

MRD Account means a reserve account, established and used by the Borrower in accordance with MRD Legislation.
View Source

Examples of MRD Account in a sentence

  • The Borrower shall fully comply with the MRD Legislation and shall utilise the amounts standing to the credit of the MRD Account for the mandatory purposes provided for in the MRD Legislation.

  • Termination of the Guarantee and Project Support Agreement 236 Section 3.20 MRD Account 237 ARTICLE IV - CONDITIONS PRECEDENT 237 Section 4.01.

  • The Borrower shall fully comply with the MRD Legislation and shall utilise the amounts standing into the MRD Account for the mandatory destinations provided in the MRD Legislation.