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(a). The present Agreement shall be ratified. The Contracting Parties shall initiate, within a period of six months, the constitutional procedures required for the purpose of its ratification.
(b). Instruments of ratification shall be deposited with the Secretary-General of the Organisation who shall notify all the Signatories of their deposit.
(c). The present Agreement shall come into force upon the deposit of instruments of ratification by all the Signatories.
(d). The present Agreement shall terminate with regard to a Contracting Party as soon as there remains no payment in the process of transfer to a creditor resident in its country nor any debt to such a creditor which may be settled under the present Agreement.