Common use of Termination of Operations Clause in Contracts

Termination of Operations. The Bank may terminate its operations as decided by the Board of Governors by special majority. Upon such termination of operations the Bank shall forthwith cease all activities, except those incidents to the orderly realization, conservation and preservation of its assets and settlement of its obligations.

Termination of Operations. The Bank may terminate its operations as decided by 1. In the event that the Board of Governors by special majority. Upon such termination decides to terminate the operations of operations the Bank, the Bank shall forthwith cease all activities, activities except those incidents incidental to the orderly realization, conservation and preservation of its assets and settlement of its obligations.

Termination of Operations. The Article 41 provides that the Bank may terminate its operations as decided by the Board of Governors by special majority. Upon It providest that upon such termination of operations the Bank shall forthwith cease all activities, except those incidents to the orderly realization, conservation and preservation of its assets and settlement of its obligations.

Termination of Operations. The Article 41 provides that the Bank may terminate its operations as decided by the Board of Governors by special majority. Upon It provides that upon such termination of operations the Bank shall forthwith cease all activities, except those incidents to the orderly realization, conservation and preservation of its assets and settlement of its obligations.