Original Text. (a) The Corporation’s financing shall not take the form of investments in capital stock. Subject to the foregoing, the Corporation may make investments of its funds in such form or forms as it may deem appropriate in the circumstances, including (but without limitation) investments according to the holder thereof the right to participate in earnings and the right to subscribe to, or to convert the investment into, capital stock. (b) The Corporation shall not itself exercise any right to subscribe to, or to convert any investment into, capital stock.
Appears in 1 contract
Sources: Articles of Agreement
Original Text. (a( a ) The Corporation’s financing shall not take the form of investments in capital stock. Subject to the foregoing, the Corporation may make investments of its funds in such form or forms as it may deem appropriate in the circumstances, including (( but without limitationlimitation ) investments according to the holder thereof thereof, the right to participate in earnings and the right to subscribe to, or to convert the investment into, capital stock.
(b) The Corporation shall not itself exercise any right to subscribe to, or to convert any investment into, capital stock.
Appears in 1 contract
Sources: Membership of International Financial Organisations