BWBV0001824
Geldig vanaf 13-03-2007
Artikel VI
Verdrag inzake het beheer van het Multilateraal Investeringsfonds II
Section 1. Entry into Force. This MIF II Administration Agreement shall enter into force on the date the MIF II Agreement enters into force.
Section 2. Duration. a) This MIF II Administration Agreement shall remain in force as long as the MIF II Agreement remains in force. Upon termination of the MIF II Agreement, or upon termination of this MIF II Administration Agreement under Section 3 of this Article, this MIF II Administration Agreement nevertheless shall remain in force until the Bank completes duties relating to the winding up of Fund operations or the settlement of accounts pursuant to Article VI, Section 4(a) of the MIF II Agreement.
b) Prior to the end of the initial period contemplated in Article V, Section 2 of the MIF II Agreement, the Bank shall consult with the Donors Committee about the advisability of extending the operations of the Fund or the SEIF for the renewal period specified thereunder.
Section 3. Termination by the Bank. The Bank shall terminate this MIF II Administration Agreement in the event that it suspends its own operations under Article X of the Charter, or in the event that it terminates its operations under that Article of the Charter. The Bank shall terminate this MIF II Administration Agreement in the event the MIF II Agreement is amended so as to require the Bank, in fulfilling the obligations of this MIF II Administration Agreement, to act in contravention of the Charter.
Section 4. Winding up of Fund Operations. Upon termination of the MIF II Agreement or the SEIF the Bank shall cease all operations under this MIF II Administration Agreement or the SEIF, as the case may be, except those incident to the orderly realization, conservation and preservation of assets and the settlement of obligations. After all relevant liabilities of the Fund or the SEIF are discharged or provided for, the Bank shall make such allocations or distributions of remaining assets as directed by the Donors Committee under Article V, Section 4 of the MIF II Agreement.
Section 2. Duration. a) This MIF II Administration Agreement shall remain in force as long as the MIF II Agreement remains in force. Upon termination of the MIF II Agreement, or upon termination of this MIF II Administration Agreement under Section 3 of this Article, this MIF II Administration Agreement nevertheless shall remain in force until the Bank completes duties relating to the winding up of Fund operations or the settlement of accounts pursuant to Article VI, Section 4(a) of the MIF II Agreement.
b) Prior to the end of the initial period contemplated in Article V, Section 2 of the MIF II Agreement, the Bank shall consult with the Donors Committee about the advisability of extending the operations of the Fund or the SEIF for the renewal period specified thereunder.
Section 3. Termination by the Bank. The Bank shall terminate this MIF II Administration Agreement in the event that it suspends its own operations under Article X of the Charter, or in the event that it terminates its operations under that Article of the Charter. The Bank shall terminate this MIF II Administration Agreement in the event the MIF II Agreement is amended so as to require the Bank, in fulfilling the obligations of this MIF II Administration Agreement, to act in contravention of the Charter.
Section 4. Winding up of Fund Operations. Upon termination of the MIF II Agreement or the SEIF the Bank shall cease all operations under this MIF II Administration Agreement or the SEIF, as the case may be, except those incident to the orderly realization, conservation and preservation of assets and the settlement of obligations. After all relevant liabilities of the Fund or the SEIF are discharged or provided for, the Bank shall make such allocations or distributions of remaining assets as directed by the Donors Committee under Article V, Section 4 of the MIF II Agreement.
- Citeren als
- Art. VI
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0001824
- Officiële bron
- wetten.overheid.nl