R2E2 Fund definition

R2E2 Fund means the Renewable Resources and Energy Efficiency Fund, established according to the Government degree No. 799-N, dated April 28, 2005, and to which any legal limitations set out in any regulations with regard to licensing and/or the Credit Organizations Law of the Borrower shall not apply, for the purpose of implementation of the Project;
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R2E2 Fund means the Armenia Renewable Resources and Energy Efficiency Fund.
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Examples of R2E2 Fund in a sentence

  • In both cases, the R2E2 Fund will release payments to the heat suppliers for the connection of the eligible households in two installments: (i) 90% upon verification by the R2E2 Fund or an independent entity hired by it that the apartments of the eligible households have been connected to the local heating scheme and that heat supply is being delivered; (ii) 10% after 12 months of satisfactory service delivery as certified by the R2E2 Fund or an independent entity hired by it.

  • The R2E2 Fund will release payments to HRGA for gas heaters and for design and installation services according to the following schedule: (i) 20% advance payment upon gas company’s signing of contract with the service contractors; (ii) 70% after the gas is delivered to the apartments of the eligible households.

  • The last 10% payment may be released earlier (during the second installment) if HRGA secures a bank guarantee for an equivalent amount from a commercial bank acceptable to the R2E2 Fund.

  • The implementation of the project as well as overall R2E2 Fund operations will be supervised by the Board of Trustees (BOT), consisting of representatives of government agencies, NGOs, and the private sector, thus, ensuring required professional expertise.

  • HRGA will be free to determine the payment schedule for the contractors, which however, may not be stricter (i.e. withhold more than 10% of funds for 12 months or withhold last 10% payment for more than 12 months) than the schedule according to which the R2E2 Fund releases payments to it.

  • The IP builds on Armenia’s successful commitment to introducing a high level of private sector participation in the energy sector, and uses SREP resources to leverage further participation.The geothermal power project builds on the extensive preparatory work done by the Armenian government and the R2E2 Fund, much of it funded by the GEF/World Bank.

  • Local heating solutions: Where the heat supplier has not been selected, the R2E2 Fund will organize bidding for the supply of heating services at a building or building block level.

  • The R2E2 Fund was adequately staffed and professionally managed to implement the project.

  • The R2E2 Fund provided guidance and support to the PFI, implementing the financing of investments component of the project.

  • The R2E2 Fund or an independent entity hired by it will certify this; (iii) 10% after 12 months of satisfactory service delivery as certified by the R2E2 Fund or an independent entity hired by it.

Related to R2E2 Fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Special Fund means the fund by that name created in Section 7.1. “State” means the State of Nebraska.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Harbor Fund Van Xxxxxx Xxxrican Capital High Income Corporate Bond Fund ("High Income Corporate Bond Fund")

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • General Fund means the Fund so designated and established by Article V hereof.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Retirement fund means the "Washington law enforcement

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Exchange Fund shall have the meaning set forth in Section 3.2(a).

  • Special Funds means, collectively, the Bond Fund, the Project Fund and the Collateral Fund, and any accounts therein, all as created in this Indenture.

  • Expense Fund has the meaning set forth in Section 9.14(f).

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Member Account means the regular account and the variable account.

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.