Common use of Payment of Subscriptions Clause in Contracts

Payment of Subscriptions. 1. Payment of the amount initially subscribed by each Signatory to this Agreement which becomes a member in accordance with Article 64 to the paid-in capital stock of the Bank shall be made in five (5) installments, of twenty (20) per cent each of such amount. The first installment shall be paid by each member within thirty (30) days after entry into force of this Agreement, or on or before the date of deposit on its behalf of its instrument of ratification or acceptance in accordance with paragraph 1 of Article 64, whichever is later. The second installment shall become due one (1) year from the entry into force of this Agreement. The remaining three (3) installments shall each become due successively one (1) year from the date on which the preceding installment becomes due.

Payment of Subscriptions. 1. Payment of the amount initially subscribed by each Signatory to this Agreement which becomes a member in accordance with Article 64 to the paid-in capital stock of the Bank shall be made in five (5) installmentsinstalments, of twenty (20) per cent each of such amount. The first installment instalment shall be paid by each member within thirty (30) days after entry into force of this Agreement, or on or before the date of deposit on its behalf of its instrument of ratification or acceptance in accordance with paragraph 1 of Article 64, whichever is later. The second installment instalment shall become due one (1) year from the entry into force of this Agreement. The remaining three (3) installments instalments shall each become due successively one (1I) year from the date on which the preceding installment instalment becomes due.

Payment of Subscriptions. 1. Payment of the amount initially subscribed by each Signatory to this Agreement which becomes a member in accordance with Article 64 to the paid-in capital stock of the Bank shall be made in five (5) installmentsinstalments, of twenty (20) per cent each of such amount. The first installment instalment shall be paid by each member within thirty (30) days after entry into force of this Agreement, or on or before the date of deposit on its behalf of its instrument of ratification or acceptance in accordance with paragraph 1 of Article 64, whichever is later. The second installment instalment shall become due one (1) year from the entry into force of this Agreement. The remaining three (3) installments instalments shall each become due successively one (1) year from the date on which the preceding installment instalment becomes due.