Common use of General Reserve Clause in Contracts

General Reserve. The Authority maintains a General Reserve in accordance with Section 8 of the Law (2008 revision), to provide additional funding if necessary for Demand Liabilities and obligations arising from other business of the Authority. In accordance with section 8 of the Law (2008 revision) the General Reserve shall represent at least 15% of Demand liabilities.

General Reserve. The Authority maintains a General Reserve in accordance with Section 8 6(1) of the Law (2008 revision)Law. Under Section 8(b) of the Law, the General Reserve may be maintained at 15% of demand liabilities to provide additional funding funding, if necessary necessary, for Demand Liabilities demand liabilities and obligations arising from other business of the Authority. In accordance Reserve assets are held predominantly in United States dollars, with section 8 of the Law (2008 revision) the General Reserve shall represent at least 15% of Demand liabilitiesminimal holdings in Cayman Islands dollars and British Pound Sterling.

General Reserve. The Authority maintains a General Reserve in accordance with Section 8 6(1) of the Law (2008 revision)Law. Under Section 8(b) of the Law, the General Reserve must be maintained at 15% of demand liabilities to provide additional funding funding, if necessary necessary, for Demand Liabilities demand liabilities and obligations arising from other business of the Authority. In accordance Reserve assets are held predominantly in United States dollars, with section 8 of the Law (2008 revision) the General Reserve shall represent at least 15% of Demand liabilitiesminimal holdings in Cayman Islands dollars and British Pound Sterling.