Common use of Termination of Operations Clause in Contracts

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. The Bank may terminate its operations by a resolution of the Board of Governors approved by a affirmative vote of 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. Upon such termination of operations 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. The Bank may terminate its operations by a resolution of the Board of Governors approved by a affirmative vote of two-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. Upon such termination of operations 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. The Bank may terminate its operations by a resolution of the Board of Governors approved by a affirmative vote of 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. Upon such termination of operations 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. Article 42.

Termination of Operations. The Bank may terminate its operations by a resolution of the Board of Governors approved by a affirmative vote of not less than two-thirds of the total number of Governorsgovernors, representing not less than three-fourths of the total voting power of the members. Upon such termination of operations 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.