Common use of Amendments to the Charter Clause in Contracts

Amendments to the Charter. Amendments to this Charter may be introduced on the basis of a resolution of the Board of Governors in accordance with its competence as described in Article 21 of this Charter. Each member of the Bank, the Board of Directors and the Management Board may propose amendments to this Charter to be considered by the Board of Governors. Amendments to this Charter shall come into force after a written consent to such amendments has been received from all members of the Bank provided that each member of the Bank has complied with applicable national or internal procedures.

Appears in 7 contracts

Sources: Agreement Amending the Agreement Establishing the International Investment Bank, International Investment Bank Agreement, Agreement Establishing the International Investment Bank