ARTICLE 16
Modify Article 18 of the Agreement as follows:
1. Replace in the first subparagraph of paragraph 1:
"Contracting Parties" with "Members of the Organization". Add to the third subparagraph of paragraph 1:
"on the basis of recommendations submitted to it by the Operations Committee" after "the Board".
2. Change the wording of paragraph 2, Article 18:
"2. In the event of the dissolution of the Organization any receipts resulting from the sale of its property shall be paid after the Organization meets all its obligations to the Signatories according to their shares in the Organization's share capital."
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Protocol on the Amendments to the Agreement on the Establishment of the Intersputnik International System and Organization... |