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:
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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; (i) 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 l(a)(ii) and (iii). Calls on unpaid subscriptions shall be uniform on all shares.
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