RESF definition
Examples of RESF in a sentence
For the purposes of the efficient carrying out of the Project and ensuring the effective supervision of the execution of the Energy Efficiency Sub-projects, and without limitation on the provisions of Sections 3.01 and 3.02 of this Agreement, the Borrower shall cause an agreement to be entered between MFE and RESF concerning the carrying out of their respective responsibilities connected with the carrying out of Part B of the Project.
For the purpose of administering Part B of the Project, the Borrower shall ensure payment of one-half of one percent (1/2 of 1%) of the amounts disbursed and outstanding for energy efficiency investements under Part B.1 of the Project to RESF under arrangements satisfactory to the Bank.
The Borrower declares its commitment to the objectives of the Project as set forth in Schedule 2 to this Agreement, and, to this end, shall carry out Part A of the Project through MFE and Part B of the Project through RESF with due diligence and efficiency and in conformity with appropriate administrative and financial practices and shall provide, promptly as needed, the funds, facilities, services and other resources required for such Parts of the Project.