Common use of Non-Subordination of Claims Clause in Contracts

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 agrees that it will not take any action that would have the effect of making the National Bank of BelgiumUnited Kingdom’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 National Bank of BelgiumLuxembourg’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 National Bank of BelgiumDanmarks Nationalbank’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 National Bank of BelgiumSlovak Republic’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 Czech National Bank of BelgiumBank’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.