Common use of Termination of Operations Clause in Contracts

Termination of Operations. The Bank may terminate its operations by the affirmative vote of not less than two-thirds of the Governors, representing not less than three-fourths of the total voting power of the members. Upon such termination of oper- ations the Bank shall forthwith cease all activities, except those incident to the orderly realization, conservation and preservation of its assets and set- tlement of its obligations.

Termination of Operations. The Bank may terminate its operations by the affirmative vote of not less than two-thirds of the Governors, representing not less than three-fourths of the total voting power of the members. Upon such termination of oper- ations operations the Bank shall forthwith cease all activities, except those incident to the orderly realization, conservation and preservation of its assets and set- tlement settlement of its obligations.

Termination of Operations. The Bank may terminate its operations by the affirmative vote of not less than two-thirds two‑thirds of the Governors, representing not less than three-fourths three‑fourths of the total voting power of the members. Upon such termination of oper- ations operations the Bank shall forthwith cease all activities, except those incident to the orderly realization, conservation and preservation of its assets and set- tlement settlement of its obligations.. Article 42: Liability of members and payments of claims

Termination of Operations. The Bank may terminate its operations by the affirmative vote of not less than two-thirds of the Governorsgovernors, representing not less than three-fourths of the total voting power of the members. Upon such termination of oper- ations operations the Bank shall forthwith cease all activities, except those incident to the orderly realization, conservation and preservation of its assets and set- tlement settlement of its obligations.

Termination of Operations. The Bank may terminate its operations by the affirmative vote of not less than two-thirds of the Governors, representing not less than three-fourths of the total voting power of the members. Upon such termination of oper- ations operations the Bank shall forthwith cease all activities, except those incident to the orderly realization, conservation and preservation of its assets and set- tlement settlement of its obligations. Article 42.