Apportionment of Costs After Withdrawal. Any future installment or portion thereof, of any principal and interest on debt obligations outstanding on the effective date of withdrawal of a Member Town, which obligations were incurred by the Partnership as a local service cost attributable to such withdrawing Member Town, shall continue to be assessed to such withdrawing Member Town until the outstanding debt obligations are satisfied or appropriately transferred to an authorized successor. Due dates of payment shall be as specified in Section 15. The withdrawing Member Town’s maximum annual share of operating costs shall be paid based on the most recent fiscal year’s share of operating costs over the subsequent three year period with payments declining by one-third each year unless another town or customer purchases the capacity of the withdrawing Member Town. Due dates of payment shall be as specified in Section 15.
Apportionment of Costs After Withdrawal. The withdrawing municipality’s share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be fixed at the percentage prevailing for such municipality, at the last apportionment made next prior to the effective date of the withdrawal. The remainder of any such installment after subtracting the share of any municipality or municipalities which have withdrawn shall be apportioned to the remaining member municipalities in the manner provided in subsection IV (D) or as may be otherwise provided in the amendment providing for such withdrawal.
Apportionment of Costs After Withdrawal. The withdrawing town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be computed and assessed in the same manner as in Sections III (D) and IV until the impending obligations are satisfied. Any future installment or portion thereof shall continue to be assessed to such town until the impending obligations are satisfied. Due dates of payment shall be as specified in Section III (G). Charges which would otherwise have been made to a withdrawing town for the then-current fiscal year pursuant to a determination under Section III (D) or (E), shall be assessed to such town notwithstanding the effective date of its withdrawal and shall be paid in equal installments totaling the amount of such charge on the dates provided in Section III (G) for the then-current fiscal year. Credits which would otherwise have been made to a withdrawing town shall be made to such town notwithstanding the effective date of its withdrawal and shall be paid in equal installments totaling the amount of such credit no later than thirty days following the dates for payment provided in Section III (G) for the then-current fiscal year.
Apportionment of Costs After Withdrawal. Any future installment or portion thereof, of any principal and interest on debt obligations outstanding on the effective date of withdrawal of a Member Town, which obligations were incurred by the District as a local service cost attributable to such withdrawing Member Town, shall continue to be assessed to such withdrawing Member Town until the outstanding debt obligations are satisfied or appropriately transferred to an authorized successor. Due dates of payment shall be as specified in Section 5. The withdrawing Member Town’s annual share of any future installment of principal and interest on obligations outstanding on the effective date of its withdrawal shall be computed in the same manner as in Section 5 until the outstanding obligations are satisfied or appropriately transferred to an authorized successor. Due dates of payment shall be as specified in Section 5.
