Common use of Rights and Duties of States Ceasing to be Members Clause in Contracts

Rights and Duties of States Ceasing to be Members. Whenever a State ceases to be a Member, whether by withdrawal or through the operation of Section 2 of this Article, it shall have no rights under this Agreement except as provided in this Section or in Section 2 of Article 11, but it shall remain liable for all financial obligations undertaken by it to the Fund, whether as Member, borrower or otherwise.

Appears in 5 contracts

Samples: Agreement Establishing the International Fund for Agricultural Development, Agreement Establishing the International Fund for Agricultural Development, Agreement Establishing the International Fund for Agricultural Development

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Rights and Duties of States Ceasing to be Members. Whenever a State ceases to be a Member, whether by withdrawal or through the operation of Section section 2 of this Articlearticle, it shall have no rights under this Agreement except as provided in this Section section or in Section section 2 of Article article 11, but it shall remain liable for all financial obligations undertaken by it to the Fund, whether as Member, borrower or otherwise.

Appears in 1 contract

Samples: Agreement Establishing the International Fund for Agricultural Development

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