DIVISION AND CALLS OF SUBSCRIBED CAPITAL Sample Clauses

DIVISION AND CALLS OF SUBSCRIBED CAPITAL. The subscription of each member shall be divided into two parts as follows: (i) twenty percent shall be paid or subject to call under Section 7 (i) of this Article as needed by the Bank for its operations; (ii) the remaining eighty percent shall be subject to call by the Bank only when required to meet obligations of the Bank created under Article IV, Sections I (a) (ii) and (iii).
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DIVISION AND CALLS OF SUBSCRIBED CAPITAL. The subscription of each member shall be divided into two parts as follows: (i) twenty percent shall be paid or subject to call under Section 7(i) of this Article as needed by the Bank for its operations; (ii) the remaining eighty percent shall be subject to call by the Bank only when required to meet obligations of the Bank created under Article IV, Sections 1 (a) (ii) and (iii).
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