Common use of Termination of Operations Clause in Contracts

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. 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 28of two-thirds of the total number of Governors, representing not less than three-fourths of the total voting power of the members. 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. 1. The Bank may terminate its operations as decided by a resolution of the Board of Governors approved by a Super Majority vote as provided in Article 28. 2special majority. After Upon such termination, termination of operations the Bank shall forthwith cease all activities, except those incident incidents to the orderly realization, conservation and preservation of its assets and settlement of its obligations.

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 28of not less than two-thirds of the total number of governors representing not less than three-fourths of the total voting power of the members. 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. 1. The Bank may terminate its operations in respect of new loans, guarantees and equity investments by a resolution decision of the Board of Governors approved by exercising a Super Majority vote as provided in Article 28majority of seventy-five per cent of the total voting power. 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. 1. The Bank may terminate its operations by a resolution of In the event that the Board of Governors approved by a Super Majority vote as provided in Article 28. 2. After such terminationdecides to terminate the operations of the Bank, the Bank shall forthwith cease all activities, activities except those incident incidental to the orderly realization, conservation and preservation of its assets and settlement of its obligations. 2. Until final settlement of such obligations and distribution of assets, the Bank shall remain in existence and all mutual rights and obligations of the Bank and its Members shall continue unimpaired.

Termination of Operations. 1. The Article 41 provides that the Bank may terminate its operations as decided by a resolution of the Board of Governors approved by a Super Majority vote as provided in Article 28. 2special majority. After It providest that upon such termination, termination of operations the Bank shall forthwith cease all activities, except those incident incidents to the orderly realization, conservation and preservation of its assets and settlement of its obligations.

Termination of Operations. 1. The Article 41 provides that the Bank may terminate its operations as decided by a resolution of the Board of Governors approved by a Super Majority vote as provided in Article 28. 2special majority. After It provides that upon such termination, termination of operations the Bank shall forthwith cease all activities, except those incident incidents to the orderly realization, conservation and preservation of its assets and settlement of its obligations.