Common use of Voluntary Contribution Clause in Contracts

Voluntary Contribution. Payment of the Mandatory Contribution by each appointed Signatory shall be the sine qua non condition for subsequent execution by such Signatory of this Agreement and assumption of the rights and obligations of a Signatory. The Committee’s decision to reduce the amount of the Mandatory Contribution shall not cause the Organization to return the resulting difference to Signatories that earlier paid the Mandatory Contribution. The amount of the resulting difference shall pass from the Mandatory Contribution of a Signatory to the Additional Contribution of such Signatory. The Committee’s decision to increase the amount of the Mandatory Contribution shall not cause the Signatories that earlier paid the Mandatory Contribution to pay the resulting difference to the Organization. The amount of the resulting difference shall be set off by the Organization’s equity. The Mandatory Contribution shall not be refundable to a Signatory in the event that such Signatory withdraws from the Organization, is replaced or its membership in the Organization is terminated.