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Common use of Commencement of Operations Clause in Contracts

Commencement of Operations. The chair of the BRICS countries shall call the first meeting of the Board of Governors as soon as this Agreement enters into force under Article 49 of this Chapter, in order to take the necessary decisions for the initial operation of the Bank.

Appears in 5 contracts

Samples: Agreement on the New Development Bank, Agreement on the New Development Bank, Agreement on the New Development Bank

Commencement of Operations. The Article 50 provides that the chair of the BRICS countries shall call the first meeting of the Board of Governors as soon as this Agreement enters into force under Article 49 of this Chapter, in order to take the necessary decisions for the initial operation of the Bank.

Appears in 2 contracts

Samples: Inter Governmental Agreement, Inter Governmental Agreement