Final Review. (1) On the fifth anniversary of the Corporation, the Monetary Council shall undertake a review to determine whether the Corporation has fulfilled its purposes and: (a) terminate the Corporation; or (b) extend the Corporation for a term not exceeding five years. (2) Where a decision is taken under paragraph 1(a) to terminate, Article 90 shall apply. (3) Where a decision is taken under paragraph 1(b) to extend, a final review shall be undertaken in the penultimate year of the extended period and the Corporation shall terminate in the final year and Article 90 shall apply.
Appears in 2 contracts
Sources: Asset Management Agreement, Eastern Caribbean Asset Management Corporation Act 2015