Common use of Liquidation of the Fund Clause in Contracts

Liquidation of the Fund. (a) The Fund may not be liquidated except by decision of the Board of Governors. In an emergency, if the Executive Directors decide that liquidation of the Fund may be necessary, they may temporarily suspend all transactions, pending decision by the Board.

Appears in 5 contracts

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

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Liquidation of the Fund. (a) The Fund may not be liquidated except by decision of the Board of Governors. In an emergency, if the Executive Directors decide Board decides that liquidation of the Fund may be necessary, they it may temporarily suspend all operations and transactions, pending decision by the BoardBoard of Governors.

Appears in 2 contracts

Samples: www.psp.cz, www.psp.cz

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