Special Reserve. The amount of commissions and guarantee fees received by the Bank pursuant to Article 16 of this Agreement shall be set aside as a special reserve which shall be kept for meeting liabilities of the Bank in accordance with Article 18 of this Agreement. The special reserve shall be held in such liquid form as the Board of Directors may decide.
Appears in 5 contracts
Samples: www.legislation.gov.au, Treaty Series, docshare02.docshare.tips
Special Reserve. 1. The amount of commissions and guarantee fees received by the Bank pursuant to Article 16 15 of this Agreement shall be set aside as a special reserve which shall be kept for meeting liabilities the losses of the Bank in accordance with Article 18 17 of this Agreement. The special reserve shall be held in such liquid form as the Board of Directors Bank may decide.
Appears in 4 contracts
Samples: Agreement, brill.com, Treaty Series 2007
Special Reserve. The amount of commissions and guarantee fees received by the Bank pursuant to Article 16 17 of this Agreement shall be set aside as a special reserve which shall be kept for meeting liabilities of the Bank in accordance with Article 18 of this AgreementBank. The special reserve shall be held in such liquid form as the Board of Directors may decide, provided that whenever it is in the interest of the Bank the special reserve may be invested in the securities of the region.
Appears in 3 contracts
Samples: Agreement, Agreement, www.insdip.com
Special Reserve. The amount of commissions and guarantee fees received by the Bank pursuant to Article 16 under Sections 4 and 5 of this Agreement Article shall be set aside as a special reserve reserve, which shall be kept available for meeting liabilities of the Bank in accordance with Article 18 Section 7 of this AgreementArticle. The special reserve shall be held in such liquid form form, permitted under this Agreement, as the Board of Executive Directors may decide.
Appears in 3 contracts
Samples: www.cvce.eu, Reconstruction and Development, Of Agreement
Special Reserve. The amount of commissions and guarantee fees received by the Bank pursuant to Article 16 of this Agreement shall be set aside as a special reserve which shall be kept for meeting liabilities of the Bank in accordance with Article 18 IS of this Agreement. The special reserve shall be held in such liquid form as the Board of Directors may decide.
Appears in 1 contract
Samples: Asian Development Bank Agreement
