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.

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.