QQB definition

QQB means the Open Joint Stock Commercial Bank “Qishloq Qurlish Bank” which is established under the laws and regulations of the Borrower and has its registered address at ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ of Uzbekistan;

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QQB means the Joint Stock Commercial Bank “Qishloq Qurlish Bank” which is established under the laws and regulations of the Borrower and has its registered address at 18A Alisher Navoiy Street, Tashkent 100011, Uzbekistan;

Examples of QQB in a sentence

• QQB shall maintain records and accounts adequate to record the progress of the Project and of each Qualified Subproject (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, the operations and financial condition of QQB.

• QQB shall not make a Subloan to any Qualified Subborrower unless such Qualified Subborrower has at its disposal, or has made appropriate arrangements to obtain as and when required, all local currency funds and other resources which are required by such Qualified Subborrower for the carrying out of its Qualified Subproject in respect of which the Subloan is to be made.

• In the event that there is any unanticipated impact during implementation of a Qualified Subproject, QQB shall ensure that they adhere to applicable laws and regulations of the Borrower and the SPS.

• Any subsequent change to the FAM shall become effective only after approval of such change by the Borrower, QQB and ADB.

• QQB shall ensure that necessary budgetary and human resources are made available to fully implement the ESMS.

• QQB shall ensure that the preparation, design and construction of each Qualified Subproject comply with all applicable laws and regulations of the Borrower relating to environment, health and safety and the SPS.

• The Borrower shall cause QQB to ensure that the preparation, design and construction of each Qualified Subproject does not generate any adverse impact to the ethnic minority or indigenous people within the meaning of SPS, and to comply with the ESMS and any corrective or preventative actions set forth in the Safeguards Monitoring Reports.

• QQB shall sell the construction materials businesses/companies (comprising 12 brick companies and 1 door, window and roof factory, transferred by QQI to QQB) to independent third parties by 30 September 2014.

• The Borrower shall cause QQB to ensure that no proceeds of the Loan is used to finance any activity included in the list of prohibited investment activities provided in Appendix 5 of the SPS and as set forth in the ESMS.

• QQB shall ensure that all land used for each Qualified Subproject comply with paragraph 8(c) of this Schedule, all applicable laws and regulations of the Borrower and the SPS.