Common use of Liability of Members and Payments of Claims Clause in Contracts

Liability of Members and Payments of Claims. 1. In the event of termination of the 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, shall have been discharged.

Liability of Members and Payments of Claims. 1. In the event of termination of the operation operations of the Bank, the liability of all members for all 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 Payments of Claims. 1. In the event of termination of the operation of the Bank, the liability of all members for uncalled subscriptions subscrip- tions 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.