RREC definition
Examples of RREC in a sentence
Seller shall make all reasonable efforts to ensure that RREC requirements are consistent herewith.
They must possess the professional reliability and the appropriate competence which is required for the performance of their duties and maythey should not be in a situation as referred to in article 15fall within the scope of the Actprohibitions laid down in the RREC Legislation.
Pursuant to the RREC Legislation, an offeror which would control the Issuer as a result of a takeover bid would be considered as a sponsor (promoteur/promotor) of the Issuer.
The RREC Legislation provides for specific rules to be complied with in case of capital increases, in addition to the requirements laid down in the Belgian Company Code.
Power will be delivered to RREC on the high side of the 34.5 kV step-up transformer after station use through the Metering Point.
The distribution of a dividend by the Issuer to its shareholders constitutes an obligation under the Belgian RREC Legislation, which applies without prejudice to the provisions of Articles 617 and following of the Belgian Company Code and of their accounting implications.
Upon request by Purchaser, Seller shall perform or arrange additional inspections or tests of any Electric Metering Device and shall permit a qualified representative of Purchaser to inspect or witness the testing of any Electric Metering Device; provided, however, that Purchaser shall not unreasonably interfere with or disrupt the activities of Seller or RREC and shall comply with all of Seller’s and RREC’s safety standards.
A RREC can also waive the distribution of an amount equal to the decrease of its net debts between the beginning and the end of the financial year.
The following provisions on adjustment for inaccurate meters shall apply only to the extent they do not conflict with requirements of RREC, if it is the owner or operator of the Electric Metering Devices.
RREC Decree The Royal Decree of 13 July 2014 on regulated real-estate companies (sociétés immobilières réglementées / gereglementeerde vastgoedvennootschappen).