Inaugural Meeting and Commencement of Operations Clause Samples

Inaugural Meeting and Commencement of Operations. 1. As soon as this Agreement enters into force, each member shall appoint a Governor, and the Depository shall call the inaugural meeting of the Board of Governors. 2. At its inaugural meeting, the Board of Governors: (i) shall elect the President; (ii) shall elect the Directors of the Bank in accordance with paragraph 1 of Article 25, provided that the Board of Governors may decide to elect fewer Directors for an initial period shorter than two years in consideration of the number of members and Signatories which have not yet become members; (iii) shall make arrangements for the determination of the date on which the Bank shall commence its operations; and (iv) shall make such other arrangements as necessary to prepare for the commencement of the Bank’s operations. 3. The Bank shall notify its members of the date of the commencement of its operations. DONE at Beijing, People’s Republic of China on June 29, 2015, in a single original deposited in the archives of the Depository, whose English, Chinese and French texts are equally authentic. Australia 36,912 3,691.2 Azerbaijan 2,541 254.1 Bangladesh 6,605 660.5 Brunei Darussalam 524 52.4 Cambodia 623 62.3 China 297,804 29,780.4 Georgia 539 53.9 India 83,673 8,367.3 Indonesia 33,607 3,360.7 Iran 15,808 1,580.8 Israel 7,499 749.9 Jordan 1,192 119.2 Kazakhstan 7,293 729.3 Korea 37,388 3,738.8 Kuwait 5,360 536.0 Kyrgyz Republic 268 26.8 Lao People’s Democratic Republic 430 43.0 Malaysia 1,095 109.5 Maldives 72 7.2 Mongolia 411 41.1 Myanmar 2,645 264.5 Nepal 809 80.9 New Zealand 4,615 461.5 Oman 2,592 259.2 Pakistan 10,341 1,034.1 Philippines 9,791 979.1 Qatar 6,044 604.4 Russia 65,362 6,536.2 Saudi Arabia 25,446 2,544.6 Singapore 2,500 250.0 Sri Lanka 2,690 269.0 Tajikistan 309 30.9 Thailand 14,275 1,427.5 Turkey 26,099 2,609.9 United Arab Emirates 11,857 1,185.7 Uzbekistan 2,198 219.8 Vietnam 6,633 663.3 Unallocated 16,150 1,615.0 TOTAL 750,000 75,000.0 Austria 5,008 500.8 Brazil 31,810 3,181.0 Denmark 3,695 369.5 Egypt 6,505 650.5 Finland 3,103 310.3 France 33,756 3,375.6 Germany 44,842 4,484.2 Iceland 176 17.6 Italy 25,718 2,571.8 Luxembourg 697 69.7 Malta 136 13.6 Netherlands 10,313 1,031.3 Norway 5,506 550.6 Poland 8,318 831.8 Portugal 650 65.0 South Africa 5,905 590.5 Spain 17,615 1,761.5 Sweden 6,300 630.0 Switzerland 7,064 706.4 United Kingdom 30,547 3,054.7 Unallocated 2,336 233.6 TOTAL 250,000 25,000.0 The Board of Governors shall prescribe rules for the conduct of each election of Directors, in accord...
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Inaugural Meeting and Commencement of Operations. 1. As soon as this Agreement enters into force under Article 62 of this Agreement, each member shall appoint a Governor. The Depository shall call the first meeting of the Board of Governors within sixty (60) days of entry into force of this Agreement under Article 62 or as soon as possible thereafter. 2. At its first meeting, the Board of Governors: (i) shall elect the President; (ii) shall elect the Directors of the Bank in accordance with Article 26 of this Agreement; (iii) shall make arrangements for determining the date of the commencement of the Bank’s operations: and (iv) shall make such other arrangements as appear to it necessary to prepare for the commencement of the Bank’s operations. 3. The Bank shall notify its members of the date of commencement of its operations. Done at Paris on 29 May 1990 in a single original, whose English, French, German and Russian texts are equally authentic, which shall be deposited in the archives of the Depository which shall transmit a duly certified copy to each of the other prospective members whose names are set forth in Annex A. (a) Belgium 22,800 228.00 Denmark 12,000 120.00 France 85,175 851.75 Germany, Federal Republic of 85,175 851.75 Greece 6,500 65.00 Ireland 3,000 30.00 Italy 85,175 851.75 Luxembourg 2,000 20.00 Netherlands 24,800 248.00 Portugal 4,200 42.00 Spain 34,000 340.00 United Kingdom 85,175 851.75 (b) European Economic Community 30,000 300.00 European Investment Bank 30,000 300.00 Austria 22,800 228.00 Cyprus 1,000 10.00 Finland 12,500 125.00 Iceland 1,000 10.00 Israel 6,500 65.00 Liechtenstein 200 2.00 Malta 100 1.00 Norway 12,500 125.00 Sweden 22,800 228.00 Switzerland 22,800 228.00 Turkey 11,500 115.00 Bulgaria 7,900 79.00 Czechoslovakia 12,800 128.00 German Democratic Republic 15.500 155.00 Hungary 7,900 79.00 Poland 12,800 128.00 Romania 4,800 48.00 Union of Soviet Socialist 60.000 600.00 Republics Yugoslavia 12,800 128.00 Australia 10,000 100.00 Canada 34,000 340.00 Egypt 1,000 10.00 Japan 85,175 851.75 Korea, Republic of 6,500 65.00 Mexico 3,000 30.00 Morocco 1,000 10.00 New Zealand 1,000 10.00 United States of America 100,000 1,000.00 (*) Prospective members are listed under the above categories only for the purpose of this Agreement. Recipient countries are referred to elsewhere in this Agreement as Central and Eastern European countries. 1. The provisions set out below in this Section shall apply exclusively to this Section. 2. Candidates for the office of Director shall be nominated ...
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Inaugural Meeting and Commencement of Operations. 1. As soon as this Agreement enters into force under Article 62 of this Agreement, each member shall appoint a Governor. The Depository shall call the first meeting of the Board of Governors within sixty (60) days of entry into force of this Agreement under Article 62 or as soon as possible thereafter. 2. At its first meeting, the Board of Governors: (i) shall elect the President; (ii) shall elect the Directors of the Bank in accordance with Article 26 of this Agreement; (iii) shall make arrangements for determining the date of the com- mencement of the Bank’s operations; and (iv) shall make such other arrangements as appear to it necessary to prepare for the commencement of the Bank’s operations. 3. The Bank shall notify its members of the date of commencement of its operations.
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Inaugural Meeting and Commencement of Operations. As soon as this Agreement enters into force, each member shall appoint a Governor, and the Depository shall call the inaugural meeting of the Board of Governors.
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Related to Inaugural Meeting and Commencement of Operations

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • CONTINUITY OF OPERATIONS Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Statement of Operations Statement of Changes in Net Assets.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.