Certain Allocations. Notwithstanding Section 3.4(a) above, items of income, gains, losses, deduction, credit and expenses that relate to investments in New Issues and Designated Securities shall be allocated pursuant to Section 3.5 below. The General Partner acknowledges that, as of the date hereof, Greenlight Re holds a Class D Insurer’s license issued in accordance with the terms of the Insurance Law, 2010, of the Cayman Islands (as amended) and that GRIL is a non-life reinsurer in accordance with the provisions of the European Union (Insurance and Reinsurance) Regulations 2015.
Appears in 3 contracts
Sources: Exempted Limited Partnership Agreement (Greenlight Capital Re, Ltd.), Exempted Limited Partnership Agreement (Greenlight Capital Re, Ltd.), Exempted Limited Partnership Agreement (Greenlight Capital Re, Ltd.)