BWBV0003602
Geldig vanaf 10-01-2016
Artikel 13
Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen
1. The Governing Council shall establish a Collateral Reserve, the resources of which shall be employed as collateral for borrowings made by the Fund.
2. The resources of the Collateral Reserve shall consist of:
a) Earnings of the Capital Account, net of administrative expenses, in such amounts as the Governing Council shall determine annually;
b) Voluntary contributions to the Collateral Reserve from Members; and
c) Any other resources made available for the Collateral Reserve by any party.
3. Notwithstanding the provisions of paragraphs 1 and 2 of this article, the Governing Council shall decide by a Highly Qualified Majority how to dispose of any net earnings of the Capital Account not allocated to the Collateral Reserve.
2. The resources of the Collateral Reserve shall consist of:
a) Earnings of the Capital Account, net of administrative expenses, in such amounts as the Governing Council shall determine annually;
b) Voluntary contributions to the Collateral Reserve from Members; and
c) Any other resources made available for the Collateral Reserve by any party.
3. Notwithstanding the provisions of paragraphs 1 and 2 of this article, the Governing Council shall decide by a Highly Qualified Majority how to dispose of any net earnings of the Capital Account not allocated to the Collateral Reserve.
- Citeren als
- Art. 13
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0003602
- Officiële bron
- wetten.overheid.nl