Common use of TIME OF PAYMENT OF SUBSCRIPTIONS Clause in Contracts

TIME OF PAYMENT OF SUBSCRIPTIONS. (a) The two percent payable on each share in gold or United States dollars under Section 7 (i) of this Article, shall be paid within sixty days of the date on which the Bank begins operations, provided that

TIME OF PAYMENT OF SUBSCRIPTIONS. (a) The two percent payable on each share in gold or United States dollars under Section 7 (i) of this his Article, shall be paid within sixty days of the date on which the Bank begins operations, provided that

TIME OF PAYMENT OF SUBSCRIPTIONS. (a) The two percent payable on each share in gold or United States dollars under Section 7 (i) of this Article, shall be paid within sixty days of the date on which the Bank begins operations, provided thatthat (i) any original member of the Bank whose metropolitan territory has suffered from enemy occupation or hostilities during the present war shall be granted the right to postpone payment of one-half percent until five years after that date;