Common use of USE OF THE FUND'S RESOURCES FOR CAPITAL TRANSFERS Clause in Contracts

USE OF THE FUND'S RESOURCES FOR CAPITAL TRANSFERS. (a) A member may not make net use of the Fund's resources to meet a large or sustained outflow of capital, and the Fund may request a member to exercise controls to prevent such use of the resources of the Fund. If, after receiving such a request, a member fails to exercise appropriate controls, the Fund may declare the member ineligible to use the resources of the Fund.

Appears in 4 contracts

Samples: nzlii.org, resources.saylor.org, teamlaw.net

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USE OF THE FUND'S RESOURCES FOR CAPITAL TRANSFERS. (a) A member may not make net use of the Fund's ’s resources to meet a large or sustained outflow of capital, and the Fund may request a member to exercise controls to prevent such use of the resources of the Fund. If, after receiving such a request, a member fails to exercise appropriate controls, the Fund may declare the member ineligible to use the resources of the Fund.

Appears in 1 contract

Samples: www.cvce.eu

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