Common use of Certain Reserves Clause in Contracts

Certain Reserves. In the event any reserves in excess of $100,000 are created, accrued or charged against a Limited Partner’s Capital Account, or any such reserves in excess of $100,000 are increased or decreased, the General Partner will promptly, within five Business Days following month end, provide written notice and a description of such event to such Limited Partner.

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.)