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Article V Verdrag tot oprichting van het Multilateraal Investeringsfonds II

Section 1. Entry into Force This MIF II Agreement shall enter into force on any date on or before December 31, 2007 on which Prospective Donors representing at least 60% of the total Fund amount set forth in Schedule A have deposited their Instruments of Contribution, whereupon the MIF I Agreement shall terminate and all assets and liabilities of the MIF I shall be assumed by the MIF II.

Section 2. Term of this MIF II Agreement This MIF II Agreement shall remain in force until December 31, 2015, and may be renewed for no more than one additional period of up to five years. Prior to the end of the initial period, the Donors Committee shall consult with the Bank about the advisability of extending the operations of the Fund for the renewal period. At that time the Donors Committee, acting by a vote of at least two-thirds of the Donors representing not less than three-quarters of the total voting power of the Donors, may extend this MIF II Agreement for the agreed upon renewal period.

Section 3. Termination by the Bank or the Donors Committee This MIF II Agreement shall terminate in the event that the Bank suspends or terminates its own operations under Article X of the Charter.This MIF II Agreement shall also terminate in the event that the Bank terminates the MIF II Administration Agreement under Article VI, Section 3 thereof. The Donors Committee may decide to terminate this MIF II Agreement at any time by a vote of at least two-thirds of the Donors representing not less than three-quarters of the total voting power of the Donors.

Section 4. Distribution of Fund Assets Upon termination of this MIF II Agreement, the Donors Committee shall direct the Bank to make a distribution of assets to Donors after all the liabilities of the Fund are discharged or provided for. Any such distribution of remaining assets shall be made in proportion to each Donor’s proportional votes under Article IV, Section 4. Balances remaining in any such notes or similar securities shall be canceled to the extent payment thereunder is not required to meet Fund liabilities.

Regeling
Verdrag tot oprichting van het Multilateraal Investeringsfonds II
Soort
Verdrag
Geldend vanaf
13-03-2007
BWB-id
BWBV0001828
Versie
2007-03-13_0

In de hele regeling · Officiële tekst op wetten.overheid.nl