RES Account definition
RES Account means the account opened and managed by a Trustee, as defined in Article 14.15 below, whose funds paid therein are exclusively allocated to pay expenses related to the RES operations carried out in accordance with the RES Operation Plan;
Examples of RES Account in a sentence
If the amounts paid into the RES Account prove to be insufficient to finance all RES Operations, the provisions of Article 14.15 (4) will apply.