4. The sanctions referred to shall be applied by the respective organs of the DFI Network, except that the application shall be subject to the following procedure: a) After the third quarter of the Financial Year in which the Network member is in arrears, the DFRC will send a final reminder of the outstanding balance due; b) If there is still no payment made by the end of the Financial Year; or if the member has failed to attend 3 consecutive meetings of the Network in that year; or if the member has engaged in an act that is deemed to have damaged the reputation of the Network or its DFRC, the DFRC will notify the Network Member of its intention to impose the sanctions as per paragraphs 1 and 2 of this Policy; c) After the third Quarter of the Financial Year, a final notice will be issued to the Member, and a report tabled with the Board at their next meeting recommending expulsion. The member has a right to attend such meeting to present their case if any. 5. The decision to expel a member will be taken at a full meeting of the DFI Sub-committee on the recommendation of the Board, with a twothirds majority decision of all members present. 6. An expelled member may be readmitted by a full meeting of the DFI Sub-committee, after careful consideration by and on recommendation of the Board, with a two-thirds majority decision of all members present. ARTICLE 16 TERMINATION OF MEMBERSHIP IN THE NETWORK State Parties agree that except as provided for in Article 15 (3), the membership of a DFI in the Network may be terminated in the following instances: a) On the winding up of the affairs of the DFI concerned by the State Party, and its ceasing to exist as an institution; b) On expulsion of the DFI as set out in Article 15; c) On the termination of the State Party's membership in SADC. 99