Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making the National Bank of Belgium’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund will not take any action that would have the effect of making a Permitted Holder’s claim on the Fund resulting from any Note subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making the Bank of Italy’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making Australia’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making the CBM’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making the OeNB’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making the Bank of Slovenia’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making Deutsche Bundesbank’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making the Riksbank’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
Non-Subordination of Claims. The Fund agrees that it will not take any action that would have the effect of making Japan’s claims on the Fund resulting from outstanding drawings under this agreement subordinate in any way to claims on the Fund resulting from any other borrowing effected pursuant to Article VII, Section 1(i) of the Fund’s Articles of Agreement.
