Common use of Withdrawal and Suspension Clause in Contracts

Withdrawal and Suspension. (1) Any member of the Organization may withdraw from the Organization at any time after the expiration of one year from the date on which it became a member of the Organization by giving written notice of its withdrawal to the Government of the Republic of Zambia, which shall forthwith notify all other members of the Organization of the receipt of such notice of withdrawal. (2) Withdrawal shall become effective, unless previously withdrawn, one year from the date of receipt by the Government of the Republic of Zambia of a notice of withdrawal: Provided that any member of the Organization withdrawing from the Organization shall, nevertheless, remain liable for the fulfillment of its obligations to the Organization including the payment of contributions in respect of the entire year of a notice of withdrawal. (3) The Council of Ministers may by a two-thirds of the votes cast by its members present and voting suspend a member of the Organization which, for three consecutive years, fails to meet its financial obligations towards the Organization, to comply with the decisions of the Council of Ministers or to fulfil any other obligations under this Agreement. The same majority shall be required for a decision of the Council of Ministers to revoke the suspension of a member of the Organization. (4) The Director General of the Secretariat shall notify the Government of the Republic of Zambia of any suspension or revocation of a suspension under paragraph (3) of this Article and the Government of the Republic of Zambia shall notify all the members of the Organization of any such suspension or revocation of a suspension.

Withdrawal and Suspension. (1) Any member of the Organization may withdraw from the Organization at any time after the expiration of one year from the date on which it became a member of the Organization by giving written notice of its withdrawal to the Government of the Republic of Zambia, which shall forthwith notify all other members of the Organization of the receipt of such notice of withdrawal. (2) Withdrawal shall become effective, unless previously withdrawn, one year from the date of receipt by the Government of the Republic of Zambia of a notice of withdrawal: Provided that any member of the Organization withdrawing from the Organization shall, nevertheless, remain liable for the fulfillment of its obligations to the Organization including the payment of contributions in respect of the entire year of a notice of withdrawal. (3) The Council of Ministers may by a two-thirds [majority] of the votes cast by its members present and voting suspend a member of the Organization which, for three consecutive years, fails to meet its financial obligations towards the Organization, to comply with the decisions of the Council of Ministers or to fulfil any other obligations under this Agreement. The same majority shall be required for a decision of the Council of Ministers to revoke the suspension of a member of the Organization. (4) The Director General of the Secretariat shall notify the Government of the Republic of Zambia of any suspension or revocation of a suspension under paragraph (3) of this Article and the Government of the Republic of Zambia shall notify all the members of the Organization of any such suspension or revocation of a suspension.