Common use of LIABILITY OF MEMBERS AND PAYMENT OF CLAIMS Clause in Contracts

LIABILITY OF MEMBERS AND PAYMENT OF CLAIMS. 1. In the event of termination of the operations of the Bank, the liability of all members for uncalled subscriptions to the capital stock of the Bank and in respect of the depreciation of their currencies shall continue until all claims of creditors, including all contingent claims, shall have been discharged.

LIABILITY OF MEMBERS AND PAYMENT OF CLAIMS. 1. In the event of termination of the operations operation of the Bank, the liability of all members for uncalled subscriptions to the capital stock of the Bank and in respect of the depreciation of their currencies shall continue until all claims of creditors, including all contingent claims, claims shall have been discharged.

LIABILITY OF MEMBERS AND PAYMENT OF CLAIMS. 1. In the event of termination of the operations Operations of the Bank, Corporation the liability of all members Member States for the uncalled subscriptions subscription to the capital stock of the Bank and in respect of the depreciation of their currencies Corporation shall continue until all claims of creditors, creditors and Policyholders including all contingent claims, shall have been discharged.