Termination of Operations. 1. The Bank may terminate its operations by a resolution of the Board of Governors approved by a Super Majority vote as provided in Article 28.
2. After such termination, the Bank shall forthwith cease all activities, except those incident to the orderly realization, conservation and preservation of its assets and settlement of its obligations.
Termination of Operations. Upon the commencement of an operation for the drilling, Reworking, Sidetracking, Plugging Back, Deepening, testing, Completion, or plugging of a well, including but not limited to the Initial Well, the operation shall not be terminated without consent of parties bearing 51% of the costs of the operation; provided, however, that in the event granite or other practically impenetrable substance or condition in the hole is encountered which renders further operations impractical, Operator may discontinue operations and give notice of the condition in the manner provided in Article VI.B.1., and the provisions of Article VI.B. or VI.E. shall then apply to the operation, as appropriate.
Termination of Operations. The Bank may terminate its operations by a resolution of the Board of Governors approved 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.
Termination of Operations. (a) The Parties, by mutual agreement, may terminate the operations of the Bank. A Party may withdraw from the Bank by delivering to the Bank at its principal office a written notice of its intention to do so. Such withdrawal shall become finally effective on the date specified in the notice but in no event less than six months after the notice is delivered to the Bank. However, at any time before the withdrawal becomes finally effective, the Party may notify the Bank in writing of the cancellation of its notice of intention to withdraw. The Bank shall terminate its operations on the effective date of any notice of withdrawal from the Bank.
(b) After such termination of operations the Bank shall forthwith cease all activities, except those incident to the conservation, preservation, and realization of its assets and settlement of its obligations.
Termination of Operations. The Board of Governors may by a resolution adopted by a vote of not less than two-thirds of the total number of Xxxxx- xxxx representing not less than three-fourths of the total voting power of the Members terminate the operations of the Corporation.
Termination of Operations. The Bank's operations may be terminated in accordance with Article 18 of the Agreement. The Board of Governors shall determine the terms and procedure for termination of the Bank's operations and its liquidation. The Governments of the Republic of Bulgaria, the Socialist Republic of Viet Nam, the Republic of Cuba, Mongolia, the Russian Federation, Romania, the Slovak Republic and the Czech Republic (the states are hereinafter collectively referred to as the "Contracting Parties"), in accordance with Article XII and paragraph 1 of Article XXIV of the Agreement Establishing the International Investment Bank (hereinafter the "Agreement"), and Articles 29 and 30 of the Charter of the International Investment Bank (hereinafter the "Charter"), have agreed to amend the Agreement and the Charter as follows:
Termination of Operations. The Bank's operations may be terminated in accordance with Article 18 of the Agreement. The Board of Governors shall determine the terms and procedure for termination of the Bank's operations and its liquidation.
Termination of Operations. (a) The Corporation may terminate its operations by decision of the Board of Governors by a majority representing at least three-fourths of the votes of the members, which shall include two-thirds of the Governors. Upon termination of operations, the Corporation shall forthwith cease all activities except those incident to the conservation, preservation and real- ization of its assets and settlement of its obligations.
(b) Until final settlement of such obligations and distribution of such assets, the Corpora- tion shall remain in existence and all mutual rights and obligations of the Corporation and its members under this Agreement shall continue unimpaired, except that no member shall be sus- pended or withdraw and that no distribution shall be made to members except as provided in this Article.
Termination of Operations. 1. The Standing Committee may decide to dissolve the operations of the Corporation.
2. After such decision, the Corporation shall forthwith cease all activities, except those incidental to the orderly realisation, conservation and preservation of its assets and settlement of its obligations.
Termination of Operations. (a) The Parties, by mutual agreement, may terminate the operations of the Commission. A Party may withdraw from the Commission by delivering to the Commission at its principal office a written notice of its intention to do so. Such withdrawal shall become finally effective on the date specified in the notice but in no event less than six months after the notice is delivered to the Commission. However, at any time before the withdrawal becomes finally effective, the Party may notify the Commission in writing of the cancellation of its notice of intention to withdraw. The Commission shall terminate its operations on the effective date of any notice of withdrawal from the Commission.
(b) After such termination of operations the Commission shall forthwith cease all activities, except those incident to the conservation, preservation, and realization of its assets and settlement of its obligations.
