Common use of General Reserve Clause in Contracts

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

General Reserve. The Authority maintains a General Reserve in accordance with Section 6(1) 8 of the LawLaw (2004 revision). Under Section 8(b) of the Law, The Authority shall maintain the General Reserve may be maintained at 15% of demand liabilities to provide additional funding, if necessary, for demand liabilities and obligations arising from other business of the Authority. Reserve assets are held predominantly in United States dollars, with minimal holdings in Cayman Islands dollars and British Pound Sterling.. CAYMAN ISLANDS MONETARY AUTHORITY NOTES TO THE FORECAST FINANCIAL STATEMENTS AS AT 30 JUNE 2008 Reserves and Capital continued

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

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

General Reserve. The Authority maintains a General Reserve in accordance with Section 6(1) 8 of the Law. Under Section 8(b) of the LawLaw (2008 revision), 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 with section 8 of the Law (2008 revision) the General Reserve assets are held predominantly in United States dollars, with minimal holdings in Cayman Islands dollars and British Pound Sterlingshall represent at least 15% of Demand liabilities.