Common use of EFFECT OF UNAUTHORIZED CHANGES Clause in Contracts

EFFECT OF UNAUTHORIZED CHANGES. If a member changes the par value of its currency despite the objection of the Fund, in cases where the Fund is entitled to object, the member shall be ineligible to use the resources of the Fund unless the Fund otherwise determines; and if, after the expiration of a reasonable period, the difference between the member and the Fund continues, the matter shall be subject to the provisions of Article XV, Section 2 (b).

Appears in 5 contracts

Samples: www.cvce.eu, Articles of Agreement, resources.saylor.org

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EFFECT OF UNAUTHORIZED CHANGES. If a member changes the par value of its currency despite the objection of the Fund, in cases where the Fund is entitled to object, the member shall be ineligible to use the resources of the Fund unless the Fund otherwise determines; and if, after the expiration of a reasonable period, the difference between the member and the Fund continues, the matter shall be subject to the provisions of Article XV, Section 2 (b2(b).

Appears in 2 contracts

Samples: www.zhiyanbao.cn, Articles of Agreement

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