Common use of Termination of Operations Clause in Contracts

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.

Termination of Operations. (a) 1. The Corporation may terminate its operations by decision a resolution of the Board of Governors approved by a majority vote of two-thirds of the total number of Governors, representing at least not less than three-fourths of the votes total voting power of the members, which shall include two-thirds of the GovernorsMembers. Upon termination of operationsAfter such termination, the Corporation shall forthwith cease all activities activities, except those incident to the conservationorderly realization, conservation and preservation and real- ization of its assets and settlement of its obligations.

Termination of Operations. (a1) The Corporation may terminate its operations by a decision of the Board of Governors General Assembly taken by a majority of two-thirds of the total number of Members representing at least three-fourths of the total votes of the members, which shall include two-thirds of the GovernorsMembers. Upon termination of operations, the Corporation shall forthwith cease all activities except those incident incidental to the conservation, preservation and real- ization realization of its assets and settlement of its obligations.