Artikel 10

(a). The Agency shall, as soon as practicable, return to members amounts paid on calls on subscribed capital if and to the extent that:
(i) the call shall have been made to pay a claim resulting from a guarantee or reinsurance contract and thereafter the Agency shall have recovered its payment, in whole or in part, in a freely usable currency; or
(ii) the call shall have been made because of a default in payment by a member and thereafter such member shall have made good such default in whole or in part; or
(iii) the Council, by special majority, determines that the financial position of the Agency permits all or part of such amounts to be returned out of the Agency's revenues.
(b). Any refund effected under this Article to a member shall be made in freely usable currency in the proportion of the payments made by that member to the total amount paid pursuant to calls made prior to such refund.
(c). The equivalent of amounts refunded under this Article to a member shall become part of the callable capital obligations of the member under Article 7 (ii).