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 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 the Bank of ItalyFinland’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 ItalyFinland’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 ItalyBanca d’Italia’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 ItalyRussia’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 ItalyBanco de Portugal’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.