Common use of SETTLEMENT OF ACCOUNTS WITH MEMBERS WITHDRAWING Clause in Contracts

SETTLEMENT OF ACCOUNTS WITH MEMBERS WITHDRAWING. When a member withdraws from the Fund, normal transactions of the Fund in its currency shall cease and settlement of all accounts between it and the Fund shall be made with reasonable despatch by agreement between it and the Fund. If agreement is not reached promptly, the provisions of Schedule D shall apply to the settlement of accounts.

Appears in 4 contracts

Samples: www.cvce.eu, Articles of Agreement, resources.saylor.org

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SETTLEMENT OF ACCOUNTS WITH MEMBERS WITHDRAWING. When a member withdraws from the Fund, normal transactions of the Fund in its currency shall cease and settlement of all accounts between it and the Fund shall be made with reasonable despatch dispatch by agreement between it and the Fund. If agreement is not reached promptly, the provisions of Schedule D shall apply to the settlement of accounts.

Appears in 1 contract

Samples: teamlaw.net

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