ASSETS UPON TERMINATION. Upon termination of this Agreement, any expenses or outstanding liabilities shall be paid with OAK-TAC’s funds. Any remaining funds shall be distributed to the existing Members on an equitable basis, as determined by the Board.
ASSETS UPON TERMINATION. Upon termination of this Agreement pursuant to Section 10.02 of this Agreement, after payment of all Bonds and other obligations of the Authority, the net assets of the Authority shall be distributed to the parties who are Members at such time in proportion to the sum of:
ASSETS UPON TERMINATION. Upon termination of this Agreement, any expenses or outstanding liability shall be paid first through any remaining assets of the consortium known as MCAT and thereafter, any remaining assets shall be distributed to the Participating Agencies on an equitable basis as determined by the MCAT Board of Directors.
