RFSR definition

RFSR means the Russian Foundation for Social Reforms established pursuant to Ordinance No. 1077-P of the Government of the Borrower dated August 2, 1997, and operating pursuant to its Statutes registered by the Borrower’s Ministry of Justice, through the certificate of registration dated September 1, 1997;
View Source

Examples of RFSR in a sentence

  • Any action required or permitted to be taken, and any documents required or permitted to be executed, under this Agreement on behalf of RFSR or by RFSR on behalf of the Borrower under the Loan Agreement, may be taken or executed by its Director-General, or by such other person or persons as the Director-General shall designate in writing, and RFSR shall furnish to the Bank sufficient evidence of the authority and the authenticated specimen signature of each such person.

  • This Agreement and all obligations of the Bank and of RFSR thereunder shall terminate on the date on which the Loan Agreement shall terminate in accordance with its terms, and the Bank shall promptly notify RFSR of this event.

  • RFSR shall take out and maintain with responsible insurers, or make other provision satisfactory to the Bank, for insurance against such risks and in such amounts as shall be consistent with appropriate practice.

  • RFSR shall not amend its Statutes without the prior approval of the Bank.

  • The Borrower and the Bank hereby agree that the obligations set forth in Sections 9.04, 9.05, 9.06, 9.07, 9.08 and 9.09 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition, respectively) shall be carried out by RFSR in respect of Parts A, B, C.1, C.2, C.4, E, and F of the Project pursuant to Section 2.04 of the Project Agreement.

  • RFSR shall at all times operate and maintain its equipment and other property, and from time to time, promptly as needed, make all necessary repairs and renewals thereof, all in accordance with sound financial and administrative practices.