Common use of Suspension of Membership Clause in Contracts

Suspension of Membership. (a) If a Member fails to fulfil any of its obligations to the Fund, the Governing Council may, by a three-fourths majority of the total number of votes, suspend its membership. The Member so suspended shall automatically cease to be a Member one year from the date of its suspension, unless the Council decides by the same majority of the total number of votes to restore the Member to good standing.

Suspension of Membership. (a) 1. If a Member member fails to fulfil fulfill any of its obligations to the Fund, the Governing Council may, its membership may be suspended by a three-fourths resolution adopted by the majority votes of the total number of votes, suspend its membershipBoard Governors. The Member member so suspended shall automatically definitively cease to be a Member member one year from the date of its suspension, suspension unless the Council decides Board of Governors, by the same another resolution adopted by a majority of votes, decides to reinstate the total number of votes to restore the Member to good standingsuspended member.

Suspension of Membership. (a) If a Member fails to fulfil any of its obligations to the Fund, the Governing Council may, by a three-three- fourths majority of the total number of votes, suspend its membership. The Member so suspended shall automatically cease to be a Member one year from the date of its suspension, unless the Council decides by the same majority of the total number of votes to restore the Member to good standing.

Suspension of Membership. (a) 1. If a Member fails to fulfil any of its financial obligations to the Fund, the Governing Council may, except as provided for in article 35, paragraph 2 (b), by a three-fourths majority of the total number of votesqualified Majority, suspend its membership. The Member member so suspended shall automatically cease to be a a. Member one year from the date of its suspension, unless the Governing Council decides by to extend the same majority suspension for a further period of the total number of votes to restore the Member to good standingone year.