Common use of Suspension of Membership Clause in Contracts

Suspension of Membership. 1. If a member fails to fulfill any of its obligation to the Bank, the Board of Governors may suspend such member by a vote of two-thirds of the total number of Governors, representing not less than three-fourths of the total voting power of the members.

Appears in 4 contracts

Samples: Treaty Series, www.adb.org, oag.gov.bt

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Suspension of Membership. 1. If a member fails to fulfill fulfil any of its obligation obligations to the Bank, the Board of Governors may suspend such member by a vote of not less than two-thirds of the total number of Governors, the governors or other members representing not less than three-fourths of the total voting power of the other members. The member concerned shall have no vote.

Appears in 3 contracts

Samples: Agreement, Agreement, www.insdip.com

Suspension of Membership. 1. If a member fails to fulfill fulfil any of its obligation obligations to the Bank, the Board of Governors may suspend such member by a vote of two-thirds of the total number of Governors, representing not less than three-fourths of the total voting power of the members.

Appears in 2 contracts

Samples: Asian Development Bank Agreement, www.legislation.gov.au

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Suspension of Membership. 1. If a member Member State fails to fulfill any of its obligation obligations to the BankCorporation, the Board of Governors may suspend such member Member State by a vote of two-thirds of the total number of Governorsvote, representing not less than three-fourths of the total voting power of the membersMembers.

Appears in 1 contract

Samples: Articles of Agreement

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